Asia Pacific Wire & Cable (NASDAQ:APWC – Get Free Report) issued its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Asia Pacific Wire & Cable had a return on equity of 1.03% and a net margin of 0.75%.
Asia Pacific Wire & Cable Price Performance
Shares of Asia Pacific Wire & Cable stock traded down $0.01 during mid-day trading on Thursday, reaching $1.42. 16,640 shares of the stock were exchanged, compared to its average volume of 7,993. The company has a market cap of $29.27 million, a price-to-earnings ratio of 6.45 and a beta of 0.66. 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 50-day simple moving average of $1.45 and a 200 day simple moving average of $1.65. Asia Pacific Wire & Cable has a fifty-two week low of $1.27 and a fifty-two week high of $2.34.
Institutional Investors Weigh In On Asia Pacific Wire & Cable
A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its position in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Free Report) by 57.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. 1.00% of the stock is currently 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.
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