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.

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