Asia Pacific Wire & Cable (NASDAQ:APWC) Releases Earnings Results

Asia Pacific Wire & Cable (NASDAQ:APWC) posted its earnings results on Friday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Asia Pacific Wire & Cable had a net margin of 1.27% and a return on equity of 2.18%.

Asia Pacific Wire & Cable Price Performance

Shares of NASDAQ APWC traded up $0.03 during mid-day trading on Friday, hitting $1.52. 6,196 shares of the stock traded hands, compared to its average volume of 333,986. The company has a market cap of $31.45 million, a PE ratio of 5.08 and a beta of 0.64. Asia Pacific Wire & Cable has a twelve month low of $1.26 and a twelve month high of $2.34. The firm has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.53.

Hedge Funds Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its position in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent disclosure with the Securities and 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.00% of the company’s stock.

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.