Alps Electric (OTCMKTS:APELY) Reaches New 12-Month High – Here’s What Happened

Shares of Alps Electric (OTCMKTS:APELY) reached a new 52-week high during trading on Monday . The stock traded as high as $29.00 and last traded at $28.32, with a volume of 528 shares traded. The stock had previously closed at $27.3715.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Alps Electric has an average rating of “Moderate Buy”.

Alps Electric Price Performance

The stock’s 50 day simple moving average is $26.49 and its 200-day simple moving average is $25.01. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.66 and a beta of 0.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings data on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.56. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates 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 fiscal 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.