Asia Pacific Wire & Cable (NASDAQ:APWC) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Performance

Shares of NASDAQ:APWC opened at $1.63 on Thursday. The business’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $1.66. The company has a current ratio of 2.24, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. Asia Pacific Wire & Cable has a one year low of $1.22 and a one year high of $2.36.

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 bought a new position in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 quarter. Institutional investors and hedge funds 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.