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

Alps Electric (OTCMKTS:APELY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $24.45, but opened at $26.60. Alps Electric shares last traded at $26.60, with a volume of 457 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alps Electric has a consensus rating of “Reduce”.

Alps Electric Stock Up 12.5%

The company has a quick ratio of 1.53, a current ratio of 2.23 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $24.99 and a two-hundred day moving average of $22.17. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.13 and a beta of 0.21.

Alps Electric (OTCMKTS:APELY) last posted its earnings results on Friday, October 31st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a net margin of 3.39% and a return on equity of 1.79%. As a group, sell-side analysts anticipate that Alps Electric will post 1.63 EPS for the current fiscal year.

About Alps Electric

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company’s products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.