Asia Pacific Wire & Cable (NASDAQ:APWC) Coverage Initiated at StockNews.com

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

Asia Pacific Wire & Cable Stock Down 2.4 %

Shares of APWC opened at $1.50 on Friday. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $1.59. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. Asia Pacific Wire & Cable has a one year low of $1.20 and a one year high of $2.02.

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.