Asia Pacific Wire & Cable (NASDAQ:APWC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

Asia Pacific Wire & Cable Stock Down 1.5 %

Shares of APWC opened at $1.35 on Tuesday. Asia Pacific Wire & Cable has a 1-year low of $1.20 and a 1-year 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 company’s fifty day moving average price is $1.35 and its 200-day moving average price is $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 acquired a new position in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.00% 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.