Alps Electric (OTCMKTS:APELY) Sees Strong Trading Volume Following Analyst Upgrade

Alps Electric (OTCMKTS:APELY) saw an uptick in trading volume on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. 928 shares were traded during mid-day trading, an increase of 2,800% from the previous session’s volume of 32 shares.The stock last traded at $24.1050 and had previously closed at $25.7350.

Alps Electric Trading Up 5.8%

The company has a quick ratio of 1.49, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $26.43 and a 200-day simple moving average of $24.46. The company has a market cap of $2.76 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.83. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%. On average, analysts predict 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.