Research analysts at StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC – Get Free Report) in a report issued on Wednesday. The firm set a “hold” rating on the stock.
Asia Pacific Wire & Cable Price Performance
NASDAQ APWC opened at $1.86 on Wednesday. Asia Pacific Wire & Cable has a twelve month low of $1.15 and a twelve month high of $2.08. The stock has a fifty day simple moving average of $1.70 and a 200 day simple moving average of $1.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.24.
Institutional Trading of Asia Pacific Wire & Cable
A hedge fund recently bought a new stake in Asia Pacific Wire & Cable stock. RBF Capital LLC bought a new stake in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 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 reporting period. 1.14% of the stock is owned by institutional investors and hedge funds.
About Asia Pacific Wire & Cable
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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