Alps Electric (OTCMKTS:APELY) Trading Up 10.3% – Here’s What Happened

Alps Electric (OTCMKTS:APELY) shares were up 10.3% during trading on Monday . The company traded as high as $29.07 and last traded at $29.07. Approximately 103 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,495 shares. The stock had previously closed at $26.3512.

Analyst Ratings Changes

Separately, Zacks Research cut Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Alps Electric Price Performance

The firm has a fifty day moving average price of $27.59 and a two-hundred day moving average price of $26.49. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.02 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.45 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. On average, analysts expect that Alps Electric will post 1.63 EPS for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.