Asia Pacific Wire & Cable CorporationLtd (APWC) stock is up 3.77% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.
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 is trading at $1.65 as of 11:59 AM on Monday, Oct 19, a gain of $0.07, or 4.43% from the previous closing price of $1.58. The stock has traded between $1.60 and $1.73 so far today. Volume today is below average. So far 182,474 shares have traded compared to average volume of 1,052,481 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.
