StockNews.com Initiates Coverage on Asia Pacific Wire & Cable (NASDAQ:APWC)

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

Asia Pacific Wire & Cable Price Performance

Shares of APWC stock opened at $1.36 on Monday. Asia Pacific Wire & Cable has a 52-week low of $1.20 and a 52-week high of $2.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.16 and a quick ratio of 1.12. The stock has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.34.

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 stake in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned approximately 0.14% of Asia Pacific Wire & Cable as of its most recent SEC filing. 1.00% of the stock is owned by hedge funds and other institutional investors.

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.