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

Asia Pacific Wire & Cable (NASDAQ:APWC) announced its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, FiscalAI reports. The firm had revenue of $161.71 million during the quarter. Asia Pacific Wire & Cable had a return on equity of 2.16% and a net margin of 1.28%.

Asia Pacific Wire & Cable Price Performance

Shares of APWC stock traded down $0.02 during trading hours on Thursday, reaching $1.15. The company had a trading volume of 18,345 shares, compared to its average volume of 238,560. The company has a 50 day moving average of $1.28 and a 200 day moving average of $1.46. The firm has a market cap of $23.63 million, a price-to-earnings ratio of 4.09 and a beta of 0.64. Asia Pacific Wire & Cable has a 1-year low of $1.08 and a 1-year high of $2.28.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Asia Pacific Wire & Cable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Asia Pacific Wire & Cable has an average rating of “Sell”.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) is a holding company that operates through subsidiaries engaged in the manufacture, distribution and sale of wire and cable products. Its offerings primarily serve telecommunications, electrical power, construction and industrial applications. The company’s product portfolio includes copper-based power cables, building wires, telecommunications cables, enameled wires, bare copper conductors and other specialty wire and cable products.