Asia Pacific Wire & Cable (NASDAQ:APWC) Stock Price Down 1.2% – Should You Sell?

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) traded down 1.2% on Wednesday . The company traded as low as $1.5520 and last traded at $1.62. 75,980 shares changed hands during trading, a decline of 97% from the average session volume of 2,484,632 shares. The stock had previously closed at $1.64.

Asia Pacific Wire & Cable Price Performance

The firm has a market cap of $33.40 million, a PE ratio of 5.40 and a beta of 0.61. The company has a 50 day simple moving average of $1.50 and a 200-day simple moving average of $1.58.

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

Hedge Funds Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP boosted its holdings in 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 purchasing an additional 11,676 shares during the period. 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 hedge funds and other 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.