Alps Electric (OTCMKTS:APELY) Shares Up 6.3% – Here’s Why

Alps Electric (OTCMKTS:APELY)’s stock price traded up 6.3% during trading on Tuesday . The company traded as high as $29.83 and last traded at $29.83. 478 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,136 shares. The stock had previously closed at $28.05.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Alps Electric from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Alps Electric Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32. The company has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $27.11. The firm has a market cap of $2.98 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 7.44 and a beta of 0.37.

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