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

Asia Pacific Wire & Cable (NASDAQ:APWC) released its quarterly earnings results on Friday. The company reported $0.05 EPS for the quarter, Zacks reports. Asia Pacific Wire & Cable had a return on equity of 1.03% and a net margin of 0.64%.The business had revenue of $128.40 million during the quarter.

Asia Pacific Wire & Cable Stock Performance

Shares of APWC opened at $1.80 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $37.11 million, a price-to-earnings ratio of 8.18 and a beta of 0.79. The stock has a 50 day moving average of $1.95 and a 200 day moving average of $1.78. Asia Pacific Wire & Cable has a 12 month low of $1.36 and a 12 month high of $2.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Asia Pacific Wire & Cable presently has an average rating of “Hold”.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Corp. Ltd. is a holding company, which engages in the business of owning operating companies in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It operates through the following segments: North Asia, Thailand, and Rest of the World.