StockNews.com Initiates Coverage on Asia Pacific Wire & Cable (NASDAQ:APWC)

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

Asia Pacific Wire & Cable Stock Up 2.9 %

Shares of APWC stock opened at $1.59 on Thursday. The stock has a 50 day moving average of $1.50 and a 200 day moving average of $1.40. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Asia Pacific Wire & Cable has a twelve month low of $1.20 and a twelve month high of $2.36.

Asia Pacific Wire & Cable (NASDAQ:APWC) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $131.56 million for the quarter.

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.