Alps Electric (OTCMKTS:APELY) Shares Gap Up – Time to Buy?

Shares of Alps Electric (OTCMKTS:APELY) gapped up before the market opened on Tuesday . The stock had previously closed at $26.5728, but opened at $28.25. Alps Electric shares last traded at $28.25, with a volume of 200 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Alps Electric Stock Down 3.2%

The firm’s 50-day moving average is $27.48 and its two-hundred day moving average is $27.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The stock has a market cap of $2.84 billion, a P/E ratio of 15.33 and a beta of 0.37.

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.