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

Asia Pacific Wire & Cable (NASDAQ:APWC) posted its quarterly earnings data on Friday. The company reported $0.01 EPS for the quarter, Zacks reports. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.

Asia Pacific Wire & Cable Stock Up 1.7%

Asia Pacific Wire & Cable stock traded up $0.03 during mid-day trading on Friday, hitting $1.52. 6,196 shares of the stock were exchanged, compared to its average volume of 333,986. The stock has a market capitalization of $31.45 million, a price-to-earnings ratio of 5.08 and a beta of 0.64. Asia Pacific Wire & Cable has a 12 month low of $1.26 and a 12 month high of $2.34. The firm’s fifty day simple moving average is $1.56 and its two-hundred day simple moving average is $1.53.

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 position in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent reporting period. Hedge funds and other 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.