Alps Electric (OTCMKTS:APELY – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $27.32 and traded as high as $28.85. Alps Electric shares last traded at $28.19, with a volume of 2,606 shares trading hands.
Wall Street Analysts Forecast Growth
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 research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.
Check Out Our Latest Analysis on APELY
Alps Electric Stock Up 5.9%
The business has a fifty day moving average price of $28.19 and a two-hundred day moving average price of $27.32. 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 company has a market cap of $2.93 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 1.71 and a beta of 0.43.
Alps Electric (OTCMKTS:APELY – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, equities analysts predict that Alps Electric will post 2.11 earnings per share for the current 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.
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