Asia Pacific Wire & Cable (NASDAQ:APWC) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Performance

APWC stock opened at $1.38 on Friday. The business’s fifty day moving average price is $1.34 and its two-hundred day moving average price is $1.35. Asia Pacific Wire & Cable has a fifty-two week low of $1.20 and a fifty-two week high of $2.36. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02.

Asia Pacific Wire & Cable (NASDAQ:APWC) last posted its quarterly earnings data on Tuesday, January 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $100.73 million during the quarter.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

A hedge fund recently bought a new stake in Asia Pacific Wire & Cable stock. RBF Capital LLC bought a new position in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned approximately 0.14% of Asia Pacific Wire & Cable as of its most recent filing with the SEC. 1.00% of the stock is owned by hedge funds and other institutional investors.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other markets in the Asia Pacific region. The company offers copper rods; and telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as streetlights, traffic signals, and other signs.