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

StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a research note issued to investors on Friday. The brokerage issued a hold rating on the stock.

Asia Pacific Wire & Cable Stock Down 6.6 %

Shares of NASDAQ APWC opened at $1.28 on Friday. The company has a 50-day simple moving average of $1.36 and a 200-day simple moving average of $1.38. 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 12 month low of $1.20 and a 12 month high of $2.36.

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

Hedge Funds Weigh In On Asia Pacific Wire & Cable

An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC acquired a new position in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 reporting period. Hedge funds and other institutional investors own 1.04% of the company’s stock.

Asia Pacific Wire & Cable Company Profile

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.