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

Asia Pacific Wire & Cable (NASDAQ:APWC) issued its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Asia Pacific Wire & Cable had a net margin of 0.75% and a return on equity of 1.03%.

Asia Pacific Wire & Cable Price Performance

APWC traded down $0.01 on Thursday, hitting $1.42. 16,640 shares of the company were exchanged, compared to its average volume of 7,993. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 2.34. The business’s fifty day moving average is $1.45 and its 200 day moving average is $1.65. Asia Pacific Wire & Cable has a fifty-two week low of $1.27 and a fifty-two week high of $2.34. The firm has a market capitalization of $29.27 million, a P/E ratio of 6.45 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 holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.00% of the company’s stock.

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.