Alps Electric (OTCMKTS:APELY) Stock Rating Raised to “Strong-Buy” at Zacks Research

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

Alps Electric Trading Down 1.1%

Shares of APELY stock opened at $26.43 on Monday. Alps Electric has a 12-month low of $23.65 and a 12-month high of $32.15. The company has a market capitalization of $2.75 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.62 and a beta of 0.43. The firm has a 50-day moving average price of $28.37 and a 200 day moving average price of $27.40. 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) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. Research analysts forecast that Alps Electric will post 2.11 earnings per share for the current fiscal 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.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.