Asia Pacific Wire & Cable (NASDAQ:APWC) Stock Price Up 1.2% – Time to Buy?

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC)’s share price rose 1.2% on Wednesday . The company traded as high as $1.69 and last traded at $1.68. Approximately 28,320 shares changed hands during trading, an increase of 144% from the average daily volume of 11,610 shares. The stock had previously closed at $1.66.

Analyst Ratings Changes

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

Asia Pacific Wire & Cable Price Performance

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its stake in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,901 shares of the company’s stock after buying 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 quarter. 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.