Alps Electric (OTCMKTS:APELY – Get Free Report)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $26.61, but opened at $24.21. Alps Electric shares last traded at $23.02, with a volume of 1,117 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.
Read Our Latest Research Report on APELY
Alps Electric Trading Down 16.1%
The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.71 and a beta of 0.50. The company has a 50-day moving average price of $28.19 and a 200 day moving average price of $27.32. 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 quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 1.59% and a return on equity of 5.46%. As a group, research analysts anticipate that Alps Electric will post 2.11 earnings per share for the current fiscal year.
About Alps Electric
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.
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