Lawson Products, Inc. (LAWS) on Focus After Forming Double Bottom Chart Pattern

July 27, 2018 - By Robert Shackelford

Lawson Products, Inc. (NASDAQ:LAWS) Logo

Investors sentiment decreased to 1.14 in Q1 2018. Its down 1.15, from 2.29 in 2017Q4. It turned negative, as 5 investors sold Lawson Products, Inc. shares while 17 reduced holdings. 4 funds opened positions while 21 raised stakes. 5.75 million shares or 0.14% more from 5.75 million shares in 2017Q4 were reported.
Jpmorgan Chase owns 0% invested in Lawson Products, Inc. (NASDAQ:LAWS) for 1,914 shares. King Luther Cap holds 2.57M shares or 0.54% of its portfolio. Blackrock accumulated 459,027 shares or 0% of the stock. Bridgeway Capital Management Incorporated has 33,300 shares. Barclays Public Limited Co invested in 1,542 shares. Morgan Stanley accumulated 13,978 shares. California Employees Retirement Systems accumulated 0% or 8,832 shares. Amer Intl Grp reported 4,116 shares stake. Lord Abbett And Llc accumulated 180,276 shares. Deutsche National Bank & Trust Ag invested in 0% or 19,928 shares. Menta Cap Limited Company stated it has 12,386 shares or 0.07% of all its holdings. Sei Invs, a Pennsylvania-based fund reported 9 shares. Punch Assoc Invest Mgmt, Minnesota-based fund reported 122,122 shares. Tower Cap Lc (Trc) invested in 0.01% or 4,363 shares. California State Teachers Retirement Sys has invested 0% of its portfolio in Lawson Products, Inc. (NASDAQ:LAWS).

Since February 28, 2018, it had 6 insider buys, and 1 insider sale for $6.12 million activity. The insider KING LUTHER CAPITAL MANAGEMENT CORP bought 120,000 shares worth $3.00 million. Another trade for 100,000 shares valued at $2.40 million was made by PORT RONALD B on Wednesday, February 28.

The chart of Lawson Products, Inc. (LAWS) shows a double bottom with $24.57 target or 9.00 % below today’s $27.00 share price. The 7 months chart pattern indicates high risk for the $239.99M company. It was reported on Jul, 27 by Finviz.com. If the $24.57 price target is reached, the company will be worth $21.60 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 14.89% or $3.5 during the last trading session, reaching $27. About 39,025 shares traded or 231.59% up from the average. Lawson Products, Inc. (NASDAQ:LAWS) has risen 21.16% since July 27, 2017 and is uptrending. It has outperformed by 8.59% the S&P500.

More important recent Lawson Products, Inc. (NASDAQ:LAWS) news were published by: Businesswire.com which released: “Lawson Products to Present at the Jefferies 14” on July 16, 2018, also Businesswire.com published article titled: “Lawson Products, Inc. to Report Second Quarter 2018 Financial Results”, Streetinsider.com published: “Lawson Products (LAWS) Tops Q2 EPS by 12c, Beats on Revenues” on July 26, 2018. More interesting news about Lawson Products, Inc. (NASDAQ:LAWS) was released by: Seekingalpha.com and their article: “Lawson Products Inc. (LAWS) CEO Michael DeCata on Q2 2018 Results – Earnings Call Transcript” with publication date: July 26, 2018.

Lawson Products, Inc. distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and activities marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. The company has market cap of $239.99 million. The companyÂ’s products include fastening systems, specialty chemicals, fluid power products, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products. It has a 8.22 P/E ratio. It serves clients in the automotive repair, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, gas and oil, mining, wholesale, service, and other industries.

Lawson Products, Inc. (NASDAQ:LAWS) Institutional Positions Chart

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