Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase – Should You Buy?

Alps Electric (OTCMKTS:APELY) shares saw unusually-high trading volume on Friday . 790 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 1,219 shares.The stock last traded at $26.9250 and had previously closed at $26.25.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, Alps Electric currently has an average rating of “Hold”.

Alps Electric Stock Performance

The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 7.05 and a beta of 0.37. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $26.33 and its 200 day simple moving average is $27.04.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.34% and a net margin of 2.62%. Analysts expect that Alps Electric will post 1.61 earnings per share 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.