Asia Pacific Wire & Cable Stock Soars (APWC)
NEW YORK (TheStreet) -- Shares of Asia Pacific Wire & Cable Corp (Nasdaq:APWC) have taken a tremendous swing upward. The stock is trading at $3.95 as of 11:33 a.m. ET, 40.1% above Monday's closing price of $2.82. Volume is at 7,968, 1.3 times the daily average of 6,000. Asia Pacific Wire & Cable has a market cap of $53.2 million and is part of the industrial goods sector and industrial industry. Shares are unchanged year to date as of the close of trading on Monday. Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, engages in the manufacture and distribution of telecommunications, power cable, and enameled wire products. The company has a P/E ratio of 3.8, below the average industrial industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Asia Pacific Wire & Cable as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. You can view the full Asia Pacific Wire & Cable Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
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