Asia Pacific Wire & Cable (NASDAQ:APWC) Posts Earnings Results

Asia Pacific Wire & Cable (NASDAQ:APWC) posted its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $130.85 million during the quarter. Asia Pacific Wire & Cable had a net margin of 0.75% and a return on equity of 1.03%.

Asia Pacific Wire & Cable Stock Performance

NASDAQ APWC opened at $1.42 on Friday. Asia Pacific Wire & Cable has a 1-year low of $1.27 and a 1-year high of $2.34. The company has a 50 day moving average of $1.44 and a 200-day moving average of $1.65. The company has a current ratio of 2.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a market cap of $29.28 million, a price-to-earnings ratio of 6.45 and a beta of 0.66.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned about 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the SEC. 1.00% of the stock is owned by hedge funds and other institutional investors.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Co, Ltd. is a Thailand-based manufacturer and distributor of electrical wire and cable products. The company specializes in a broad range of products, including low- and medium-voltage power cables, building wires, control and instrumentation cables, telecommunications cables, and specialty conductors. Through its integrated production facilities in the Bangkadi Industrial Estate near Bangkok, Asia Pacific Wire & Cable serves both domestic construction and industrial markets as well as export customers across Southeast Asia.

Founded in 1979, Asia Pacific Wire & Cable has grown from a local wire producer into a regional supplier recognized for its quality control and adherence to international standards.