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

Investment analysts at StockNews.com assumed coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Price Performance

Shares of Asia Pacific Wire & Cable stock opened at $1.72 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $1.81 and its two-hundred day moving average is $1.64. Asia Pacific Wire & Cable has a 52 week low of $1.22 and a 52 week high of $2.36.

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 bought a new position in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 quarter. 1.14% of the stock is currently 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.