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

Equities researchers at StockNews.com started coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Down 3.5 %

Shares of NASDAQ:APWC opened at $1.36 on Tuesday. Asia Pacific Wire & Cable has a 52-week low of $1.20 and a 52-week high of $2.36. The company has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.34. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC acquired a new position in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned 0.14% of Asia Pacific Wire & Cable as of its most recent SEC filing. Hedge funds and other institutional investors own 1.00% of the company’s stock.

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.