Asia Pacific Wire & Cable (NASDAQ:APWC) Shares Pass Above 50 Day Moving Average – Should You Sell?

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.41 and traded as high as $1.50. Asia Pacific Wire & Cable shares last traded at $1.4010, with a volume of 10,828 shares traded.

Asia Pacific Wire & Cable Stock Up 2.9%

The stock’s fifty day moving average price is $1.41 and its 200-day moving average price is $1.62. The company has a market capitalization of $29.69 million, a price-to-earnings ratio of 4.80 and a beta of 0.66.

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

Institutional Trading of Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its stake in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the period. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. Institutional investors own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Company Profile

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.