Asia Pacific Wire & Cable Co.Ltd (NASDAQ:APWC) Lowered to D at TheStreet

Asia Pacific Wire & Cable Co.Ltd (NASDAQ:APWC) was downgraded by investment analysts at TheStreet from a “c” rating to a “d” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.

Shares of Asia Pacific Wire & Cable Co.Ltd stock opened at $1.29 on Monday. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $1.36 and a 200-day moving average price of $1.85. Asia Pacific Wire & Cable Co.Ltd has a one year low of $1.28 and a one year high of $2.40.

An institutional investor recently bought a new position in Asia Pacific Wire & Cable Co.Ltd stock. Citadel Advisors LLC acquired a new position in shares of Asia Pacific Wire & Cable Co.Ltd (NASDAQ:APWC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,511 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.14% of Asia Pacific Wire & Cable Co.Ltd as of its most recent SEC filing. 0.73% of the stock is currently owned by hedge funds and other institutional investors.

About Asia Pacific Wire & Cable Co.Ltd

Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes telecommunications, power cable, and enameled and electronic wire products in Thailand, the People's Republic of China, Singapore, Australia, and other markets in the Asia Pacific region. It offers telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as street lights, traffic signals, and other signs.

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