Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) concluded the trading at $5.59 on Friday, Jan 22, with a rise of 35.84% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $4.11 and 5Y monthly beta was reading 1.39 with its price kept floating in the range of $4.03 and $8.43 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that APWC hit a high price of $4.83 and saw its price falling to a low level of $0.89 during that period. Over a period of past 1-month, stock came adding 95.02% in its value.
In contrast, when we review APWC stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
In comparing Asia Pacific Wire & Cable Corporation Limited (APWC)’s stock with other industry players reveals that stock’s latest price change of +35.84% and that of +162.15% over the past 12 months is in better position with that of Atkore International Group (ATKR) which saw its stock price raised by 0.17% in the recent trading and went through an increase of 13.6% in past 12-month trading. Industry’s another major player Belden Inc (BDC) has fell -2.87% down in latest trading session, but over the past year has faced afall of -11.03%, while Encore Wire Cp (WIRE) was also up 35.84% however its price remained floating in the green at 162.15% over the same period. Asia Pacific Wire & Cable Corporation Limited has a P/E ratio of 0 against that of Atkore International Group’s 15.51 while Belden Inc is showing 70.13 for the same. On the other hand, the S&P 500 Index is down -0.14% in the early deals today while the Dow Jones Industrial was dealinglower at -0.3%.
Having a second look at Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) provides that stock’s average daily trading volume for 3 months was 921.92 Million, while it jumped to 988.01 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 13.82 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 75.48% while it is 6.3% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 22690000 which implies a short ratio of 0.15. This shows up a 0.16% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short declined as it was 134.38 Million in the previous month. Addition of +85.36% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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