Asia Pacific Wire & Cable (NASDAQ:APWC) Releases Quarterly Earnings Results

Asia Pacific Wire & Cable (NASDAQ:APWC) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $130.85 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.27% and a net margin of 1.27%.

Asia Pacific Wire & Cable Price Performance

Asia Pacific Wire & Cable stock traded up $0.09 during midday trading on Friday, reaching $1.51. The company’s stock had a trading volume of 2,013 shares, compared to its average volume of 7,891. Asia Pacific Wire & Cable has a 52 week low of $1.27 and a 52 week high of $2.34. The company has a current ratio of 2.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.65. The stock has a market cap of $31.09 million, a PE ratio of 5.03 and a beta of 0.66.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew 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 SEC. The fund owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the period. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 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 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.