Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) – Analysts’ Revisions Show …

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) traded at $6.79 at close of the session on Friday, Feb 05, made a downturn move of -5.17% on its previous day’s price.

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Looking at the stock we see that its previous close was $7.16 and the beta (5Y monthly) reads 1.24 with the day’s price range being $6.67 – 7.84. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, APWC has a high of $8.8 and a low of $0.89. The company’s stock has gained about 203.13% over that past 30 days.

On the other hand, looking at the outlook for the APWC stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Let’s briefly compare Asia Pacific Wire & Cable Corporation Limited (APWC) stock to its peers. We find that current price change of -5.17% and +379.11% over the past 12 months for APWC competes that of Atkore International Group (ATKR), which has seen its stock price rise 6.24% in the last trading session and was +41.37% over the last one year. Another of its peers Belden Inc (BDC) has climbed 3.24% previous session, but was -1.94% down over the past year, while Encore Wire Cp (WIRE) was also down -5.17% in the last session, while its price remained in the green at 379.11% over the same period. Asia Pacific Wire & Cable Corporation Limited has a P/E ratio of 0 compared to Atkore International Group’s 14.08 and Belden Inc’s 76.99. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.39% and 0.3%, respectively, at close of the trading.

Coming back to Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC), we note that the average 3-month trading volume was 1.35 Million, while that of the preceding 10-day period stands at 562.68 Million. Current shares outstanding are 13.82 Million.

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According to data from Thomson Reuters, insiders hold 75.48% of the company’s shares while institutions hold 6.3%. The data shows that short shares as of January 14, 2021, stood at 36.04 Million at a short ratio of 0.1. This represents a 0.26% short interest in shares outstanding on January 14, 2021. Shares short dropped in January from the previous month at 47.4 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +205.86% up in year-to-date price movement.

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