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

Asia Pacific Wire & Cable (NASDAQ:APWC) released its earnings results on Friday. The company reported $0.05 earnings per share for the quarter, Zacks reports. Asia Pacific Wire & Cable had a return on equity of 1.03% and a net margin of 0.64%.

Asia Pacific Wire & Cable Stock Down 2.1%

APWC traded down $0.04 during trading hours on Friday, reaching $1.80. 1,856 shares of the stock traded hands, compared to its average volume of 9,404. Asia Pacific Wire & Cable has a fifty-two week low of $1.36 and a fifty-two week high of $2.34. The company has a market cap of $37.11 million, a price-to-earnings ratio of 8.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.43 and a quick ratio of 1.22. The firm’s fifty day simple moving average is $1.95 and its two-hundred day simple moving average is $1.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Asia Pacific Wire & Cable has an average rating of “Hold”.

Asia Pacific Wire & Cable Company Profile

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.