StockNews.com Initiates Coverage on Asia Pacific Wire & Cable (NASDAQ:APWC)

Stock analysts at StockNews.com assumed coverage on shares of Asia Pacific Wire & Cable (NASDAQ:APWC) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Performance

Shares of NASDAQ APWC opened at $1.54 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.60. Asia Pacific Wire & Cable has a 52-week low of $1.24 and a 52-week high of $2.02.

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.