StockNews.com began coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC – Free Report) in a report issued on Wednesday morning. The brokerage issued a hold rating on the stock.
Asia Pacific Wire & Cable Trading Up 0.6 %
Shares of APWC stock opened at $1.62 on Wednesday. Asia Pacific Wire & Cable has a 52 week low of $1.22 and a 52 week high of $2.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.24. The stock’s fifty day moving average is $1.79 and its 200-day moving average is $1.65.
Institutional Trading of Asia Pacific Wire & Cable
An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC purchased a new position in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned approximately 0.14% of Asia Pacific Wire & Cable as of its most recent SEC filing. 1.04% of the stock is 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.
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