Alps Electric (OTCMKTS:APELY) Shares Gap Up – Still a Buy?

Alps Electric (OTCMKTS:APELY) gapped up prior to trading on Monday . The stock had previously closed at $27.80, but opened at $29.36. Alps Electric shares last traded at $29.36, with a volume of 340 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Alps Electric from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Alps Electric Stock Up 5.6%

The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 7.47 and a beta of 0.38. The business’s 50-day moving average is $26.90 and its 200-day moving average is $27.13.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, equities analysts predict that Alps Electric will post 1.61 earnings per share for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics and industrial markets, combining hardware, software and sensor technologies.

Its product portfolio includes switches, potentiometers, encoders, sensors, touch and haptic interfaces, communication modules, displays and other human-machine interface components. For automotive customers, Alps Alpine supplies electronic control and interface products, sensing solutions, infotainment-related components and other technologies used in vehicle systems.

Founded in Japan in 1948, the company expanded its operations internationally and serves customers through research, manufacturing and sales locations across Asia, Europe and the Americas.