Asia Pacific Wire & Cable (NASDAQ:APWC) Shares Pass Below Fifty Day Moving Average – What’s Next?

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.53 and traded as low as $1.44. Asia Pacific Wire & Cable shares last traded at $1.48, with a volume of 3,838 shares trading hands.

Asia Pacific Wire & Cable Trading Down 0.7%

The company has a market cap of $30.31 million, a price-to-earnings ratio of 4.90 and a beta of 0.62. The business has a fifty day moving average of $1.53 and a two-hundred day moving average of $1.53.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.17 EPS for the quarter. The company had revenue of $133.79 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its stake in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent reporting period. 1.00% of the stock is owned by institutional investors.

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.