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

Asia Pacific Wire & Cable (NASDAQ:APWC) posted its quarterly earnings data on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.

Asia Pacific Wire & Cable Stock Performance

Shares of NASDAQ:APWC traded up $0.02 during mid-day trading on Friday, hitting $1.52. The stock had a trading volume of 6,553 shares, compared to its average volume of 333,986. The company’s 50 day moving average is $1.56 and its 200-day moving average is $1.53. Asia Pacific Wire & Cable has a 12-month low of $1.26 and a 12-month high of $2.34. The company has a market cap of $31.34 million, a PE ratio of 5.07 and a beta of 0.64.

Institutional Trading of Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 1.00% of the stock is currently owned by institutional investors and hedge funds.

Asia Pacific Wire & Cable Company Profile

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.