Alps Electric (OTCMKTS:APELY – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $29.58, but opened at $26.72. Alps Electric shares last traded at $26.72, with a volume of 187 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Research Report on Alps Electric
Alps Electric Stock Performance
The firm has a 50 day moving average of $28.36 and a 200-day moving average of $27.42. The company has a market cap of $2.78 billion, a P/E ratio of 15.36, a PEG ratio of 1.69 and a beta of 0.43. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12.
Alps Electric (OTCMKTS:APELY – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). The firm had revenue of $1.49 billion during 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, sell-side analysts anticipate that Alps Electric will post 2.11 EPS for the current fiscal year.
Alps Electric Company Profile
Alps Electric Co, Ltd., now operating under the name Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops and supplies products for the automotive, mobile communications, consumer electronics and industrial markets.
Its product portfolio includes switches, sensors, encoders, potentiometers, connectors, communication modules and other electronic components. Alps Alpine also provides automotive infotainment and information systems, cockpit controls, human-machine interface products, sensing technologies and related software and services.
The company traces its origins to Japan in the late 1940s and has expanded its operations and customer base internationally.
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