StockNews.com Begins Coverage on Asia Pacific Wire & Cable (NASDAQ:APWC)

StockNews.com began coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

Asia Pacific Wire & Cable Trading Down 0.7 %

Shares of NASDAQ APWC opened at $1.37 on Tuesday. 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 has a 1-year low of $1.20 and a 1-year high of $2.36. The business’s 50 day moving average is $1.35 and its 200-day moving average is $1.34.

Hedge Funds 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 first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned 0.14% of Asia Pacific Wire & Cable at the end of the most recent quarter. 1.00% of the stock is currently owned by 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.