Asia Pacific Wire & Cable (NASDAQ:APWC) Stock Price Up 1.9% – Here’s Why

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) shares shot up 1.9% during trading on Friday . The stock traded as high as $1.89 and last traded at $1.9050. 3,128 shares were traded during mid-day trading, a decline of 53% from the average session volume of 6,587 shares. The stock had previously closed at $1.87.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Asia Pacific Wire & Cable in a research report on Thursday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Asia Pacific Wire & Cable currently has an average rating of “Hold”.

Asia Pacific Wire & Cable Stock Performance

The firm’s 50 day moving average price is $1.86 and its 200-day moving average price is $1.80. The firm has a market cap of $39.28 million, a price-to-earnings ratio of 9.07 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.54 and a quick ratio of 1.32.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $128.40 million during the quarter. Asia Pacific Wire & Cable had a net margin of 0.56% and a return on equity of 0.87%.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP raised its holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,901 shares of the company’s stock after buying an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent SEC filing. 1.00% of the stock is owned by hedge funds and other institutional investors.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corp. Ltd. is a holding company, which engages in the business of owning operating companies in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It operates through the following segments: North Asia, Thailand, and Rest of the World.