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) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Price Performance

Shares of Asia Pacific Wire & Cable stock opened at $1.43 on Tuesday. Asia Pacific Wire & Cable has a 1 year low of $1.20 and a 1 year high of $2.36. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $1.35 and a two-hundred day simple moving average of $1.34.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

A hedge fund recently bought a new stake in Asia Pacific Wire & Cable stock. RBF Capital LLC bought a new stake in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned about 0.14% of Asia Pacific Wire & Cable at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.00% of the company’s stock.

About Asia Pacific Wire & Cable

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.