Alps Electric (OTCMKTS:APELY) Raised to “Strong-Buy” at Zacks Research

Alps Electric (OTCMKTS:APELY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Alps Electric Stock Down 1.1%

Shares of APELY stock opened at $26.43 on Monday. The stock has a market cap of $2.75 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. Alps Electric has a one year low of $23.65 and a one year high of $32.15. The stock has a fifty day moving average price of $28.37 and a 200 day moving average price of $27.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Analysts predict that Alps Electric will post 2.11 earnings per share for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.