Alps Electric (OTCMKTS:APELY) Shares Up 6.3% – Time to Buy?

Alps Electric (OTCMKTS:APELY)’s share price shot up 6.3% during mid-day trading on Wednesday . The company traded as high as $28.50 and last traded at $28.25. 276 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,333 shares. The stock had previously closed at $26.5728.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Alps Electric Stock Down 2.3%

The firm’s fifty day moving average price is $27.48 and its 200-day moving average price is $27.05. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 15.46 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

About Alps Electric

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.