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

StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a report issued on Sunday morning. The firm issued a hold rating on the stock.

Asia Pacific Wire & Cable Stock Up 7.0 %

Shares of APWC stock opened at $1.38 on Friday. 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 one year low of $1.20 and a one year high of $2.36. The business’s 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.36.

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

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC purchased a new stake in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned about 0.14% of Asia Pacific Wire & Cable at the end of the most recent reporting period. 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.