Asia Pacific Wire & Cable (NASDAQ:APWC) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Asia Pacific Wire & Cable Trading Down 6.6%

The stock has a 50 day moving average of $1.41 and a 200-day moving average of $1.63. The company has a market capitalization of $28.89 million, a P/E ratio of 4.67 and a beta of 0.66.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its stake in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 currently owned by institutional investors.

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.