Alps Electric (OTCMKTS:APELY – Get Free Report) shares rose 7.1% during mid-day trading on Friday following a better than expected earnings announcement. The company traded as high as $28.85 and last traded at $28.85. Approximately 402 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,959 shares. The stock had previously closed at $26.9250.
The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.
Get Our Latest Stock Report on Alps Electric
Alps Electric Trading Up 8.4%
The firm has a fifty day simple moving average of $28.17 and a two-hundred day simple moving average of $27.31. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.00 billion, a PE ratio of 16.58, a PEG ratio of 1.63 and a beta of 0.43.
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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