Asia Pacific Wire & Cable (NASDAQ:APWC) Shares Up 1.2% – What’s Next?

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as $1.69 and last traded at $1.68. 28,320 shares traded hands during mid-day trading, an increase of 144% from the average session volume of 11,610 shares. The stock had previously closed at $1.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Asia Pacific Wire & Cable Stock Up 1.2%

The firm has a market cap of $34.64 million, a price-to-earnings ratio of 8.00 and a beta of 0.38. The firm’s 50 day moving average price is $1.78 and its two-hundred day moving average price is $1.83. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.54 and a quick ratio of 1.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its stake in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent reporting period. Institutional investors own 1.00% of the company’s stock.

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.