Stock News Summary: WESCO International (NYSE:WCC)

 WESCO International (NYSE:WCC) spotted trading -26.68% off 52-week high price. On the other end, the stock has been noted 8.09% away from the low price over the last 52-weeks. The stock changed -4.90% to recent value of $45.43. The stock transacted 431398 shares during most recent day however it has an average volume of 480.03K shares. The company has 42M of outstanding shares and 35.77M shares were floated in the market.  

 On Oct. 1, 2019,  WESCO International (NYSE:WCC) a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, revealed the appointment of Mr. Nelson Squires as its Senior Vice President and Chief Operating Officer effective October 1, 2019.

Mr. Squires served as the Company’s Group Vice President and General Manager of WESCO Canada/International/WIS since January 2018 and as Group Vice President and General Manager of WESCO Canada since August 2015.  From 2010 to July 2015, he was Vice President and General Manager, North America Merchant Gases and President, Air Products Canada of Air Products and Chemicals He has also served in regional and general management positions, as director of investor relations, and in various sales positions at Air Products.  Earlier in his career, he was a Captain in the United States Army.

John J. Engel, WESCO’s Chairman, President and CEO, stated, Nelson has a strong track record of delivering sales and profit growth since joining WESCO four years ago.  He is a seasoned executive with excellent leadership skills, and I’m very pleased to announce his promotion to this global operations leader role in WESCO. Its earnings per share (EPS) expected to touch remained 20.40% for this year while earning per share for the next 5-years is expected to reach at 5.00%. WCC has a gross margin of 19.30% and an operating margin of 4.40% while its profit margin remained 2.80% for the last 12 months. 

 According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.52% from the mean of 20 days, -1.99% from mean of 50 days SMA and performed -10.04% from mean of 200 days price. Company’s performance for the week was 0.26%, 0.78% for month and YTD performance remained -5.35%.

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