Alps Electric (OTCMKTS:APELY) Shares Gap Up – Here’s Why

Shares of Alps Electric (OTCMKTS:APELY) gapped up prior to trading on Friday . The stock had previously closed at $27.28, but opened at $29.0892. Alps Electric shares last traded at $29.11, with a volume of 454 shares.

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 Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Alps Electric Price Performance

The firm has a market cap of $3.03 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.43 and a beta of 0.35. The firm’s fifty day simple moving average is $27.70 and its 200 day simple moving average is $26.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

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

About Alps Electric

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.