Overall market sentiment has been down on Asia Pacific Wire & Cable CorporationLtd (APWC) stock lately. APWC receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With APWC Stock Today?
Asia Pacific Wire & Cable CorporationLtd (APWC) stock is trading at $1.28 as of 10:52 AM on Wednesday, Oct 28, a decline of -$0.04, or -3.17% from the previous closing price of $1.32. The stock has traded between $1.27 and $1.39 so far today. Volume today is less active than usual. So far 33,510 shares have traded compared to average volume of 1,090,217 shares.
To see InvestorsObserver's Sentiment Score for Asia Pacific Wire & Cable CorporationLtd click here.
More About Asia Pacific Wire & Cable CorporationLtd
Asia Pacific Wire & Cable Corp Ltd is a holding company. The company through its operating subsidiaries is engaged in the manufacture and distribution of telecommunications and power cable products in the Asia Pacific region. It operates through three principal divisions consisting of the manufacture of wire and cable products, the distribution of certain wire and cable products manufactured by Pacific Electric Wire and Cable Co, and the provision of project engineering services. It offers a wide variety of wire and cable products primarily in four general categories: telecommunications cable, power transmission cable, electronic cable and enameled wire.
