Alps Electric (OTCMKTS:APELY) Upgraded by Zacks Research to “Strong-Buy” Rating

Alps Electric (OTCMKTS:APELY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Alps Electric Stock Performance

Shares of Alps Electric stock opened at $27.15 on Tuesday. The company has a market capitalization of $2.82 billion, a PE ratio of 8.08, a PEG ratio of 0.45 and a beta of 0.35. Alps Electric has a 12 month low of $18.01 and a 12 month high of $32.15. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $27.68 and its 200 day simple moving average is $26.55.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.18 by $0.56. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, research analysts predict that Alps Electric will post 1.63 EPS for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.