Asia Pacific Wire & Cable (NASDAQ:APWC) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Performance

NASDAQ APWC opened at $1.61 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.24 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $1.53 and a 200-day moving average of $1.45. Asia Pacific Wire & Cable has a 1-year low of $1.15 and a 1-year high of $1.93.

Institutional Trading of Asia Pacific Wire & Cable

A hedge fund recently bought a new stake in Asia Pacific Wire & Cable stock. RBF Capital LLC purchased a new stake in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 1.46% of the stock is currently owned by institutional investors and hedge funds.

About Asia Pacific Wire & Cable

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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. The company was founded on September 19, 1996 and is headquartered in Taipei, Taiwan.