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

StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWCFree Report) in a research note released on Monday. The brokerage issued a hold rating on the stock.

Asia Pacific Wire & Cable Stock Performance

Shares of APWC opened at $1.29 on Monday. Asia Pacific Wire & Cable has a 52-week low of $1.22 and a 52-week high of $2.36. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $1.36 and its two-hundred day moving average is $1.45.

Asia Pacific Wire & Cable (NASDAQ:APWCGet Free Report) last announced its earnings results on Tuesday, January 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $100.73 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Asia Pacific Wire & Cable stock. RBF Capital LLC acquired a new stake in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWCFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 quarter. Hedge funds and other institutional investors own 1.04% of the company’s stock.

Asia Pacific Wire & Cable Company Profile

(Get Free Report)

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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