StockNews.com Begins Coverage on Asia Pacific Wire & Cable (NASDAQ:APWC)

StockNews.com began coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a research report released on Tuesday. The brokerage issued a hold rating on the stock.

Asia Pacific Wire & Cable Trading Down 0.7 %

Shares of NASDAQ APWC opened at $1.37 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.16 and a quick ratio of 1.12. The business’s 50-day simple moving average is $1.35 and its 200-day simple moving average is $1.34. Asia Pacific Wire & Cable has a 52 week low of $1.20 and a 52 week high of $2.36.

Institutional Trading of Asia Pacific Wire & Cable

An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC bought a new stake in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned about 0.14% of Asia Pacific Wire & Cable as of its most recent SEC filing. 1.00% of the stock is owned by institutional investors and hedge funds.

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.