Asia Pacific Wire & Cable (NASDAQ:APWC) Trading Down 1.2% – Should You Sell?

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) shares fell 1.2% on Wednesday . The company traded as low as $1.5520 and last traded at $1.62. 75,980 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 2,484,632 shares. The stock had previously closed at $1.64.

Asia Pacific Wire & Cable Stock Down 1.2%

The firm has a market capitalization of $33.40 million, a P/E ratio of 5.40 and a beta of 0.61. The firm’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.58.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.17 EPS for the quarter. Asia Pacific Wire & Cable had a net margin of 1.27% and a return on equity of 2.18%. The firm had revenue of $133.79 million for the quarter.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its position in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. 1.00% of the stock is owned by hedge funds and other institutional investors.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Co, Ltd. is a Thailand-based manufacturer and distributor of electrical wire and cable products. The company specializes in a broad range of products, including low- and medium-voltage power cables, building wires, control and instrumentation cables, telecommunications cables, and specialty conductors. Through its integrated production facilities in the Bangkadi Industrial Estate near Bangkok, Asia Pacific Wire & Cable serves both domestic construction and industrial markets as well as export customers across Southeast Asia.

Founded in 1979, Asia Pacific Wire & Cable has grown from a local wire producer into a regional supplier recognized for its quality control and adherence to international standards.