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

Equities researchers at assumed coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWCGet Rating) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Trading Up 2.8 %

Shares of APWC stock opened at $1.38 on Monday. The firm has a 50-day moving average price of $1.37 and a 200 day moving average price of $1.33. Asia Pacific Wire & Cable has a twelve month low of $1.07 and a twelve month high of $2.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.24 and a quick ratio of 1.25.

About Asia Pacific Wire & Cable

(Get Rating)

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.

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