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

Asia Pacific Wire & Cable (NASDAQ:APWC) issued its quarterly earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.

Asia Pacific Wire & Cable Trading Up 1.3%

NASDAQ:APWC opened at $1.52 on Friday. Asia Pacific Wire & Cable has a twelve month low of $1.26 and a twelve month high of $2.34. The company has a market cap of $31.34 million, a price-to-earnings ratio of 5.43 and a beta of 0.64. The stock has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $1.53.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its stake in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the period. Susquehanna International Group LLP owned about 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 institutional investors and hedge funds.

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.