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

by · The Cerbat Gem

Alps Electric (OTCMKTS:APELY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $23.65, but opened at $26.00. Alps Electric shares last traded at $26.00, with a volume of 198 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Alps Electric from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alps Electric currently has an average rating of “Reduce”.

Read Our Latest Stock Report on APELY

Alps Electric Price Performance

The firm has a 50-day moving average of $25.90 and a 200-day moving average of $23.31. The stock has a market cap of $2.68 billion, a PE ratio of 7.97, a PEG ratio of 0.65 and a beta of 0.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.49.

Alps Electric (OTCMKTS:APELY – Get Free Report) last posted its earnings results on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.83. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Research analysts predict that Alps Electric will post 1.63 EPS for the current year.

Alps Electric Company Profile

(Get Free Report)

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.

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