Do Traders Think Asia Pacific Wire & Cable CorporationLtd (APWC) Can Keep Climbing Monday?

Monday, June 26, 2023 10:41 AM | InvestorsObserver Analysts

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Do Traders Think Asia Pacific Wire & Cable CorporationLtd (APWC) Can Keep Climbing Monday?

Asia Pacific Wire & Cable CorporationLtd (APWC) stock is up 13.66% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Asia Pacific Wire & Cable CorporationLtd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on APWC!

See Full APWC Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With APWC Stock Today?

Asia Pacific Wire & Cable CorporationLtd (APWC) stock has risen 1.68% while the S&P 500 is lower by -0.01% as of 10:18 AM on Monday, Jun 26. APWC is up $0.03 from the previous closing price of $1.80 on volume of 1,968 shares. Over the past year the S&P 500 is up 11.48% while APWC is up 51.24%. APWC earned $0.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.46. To screen for more stocks like Asia Pacific Wire & Cable CorporationLtd click here.

More About Asia Pacific Wire & Cable CorporationLtd

Asia Pacific Wire & Cable Corp Ltd is a holding company. It is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It also provides project engineering services to customers. Some of its products are Bare wires, Power cables, Communication cables, Electronic wires & cables, and Enamelled wires. The company's geographical segments are North Asia, Thailand, and Rest of the World. Click Here to get the full Stock Report for Asia Pacific Wire & Cable CorporationLtd stock.