Shares of Alps Electric (OTCMKTS:APELY – Get Free Report) saw an uptick in trading volume on Monday. Approximately 95,000 shares traded hands during mid-day trading, an increase of 8,632% from the previous session’s volume of 1,088 shares. The stock last traded at $26.41 and had previously closed at $26.43.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.
Read Our Latest Research Report on Alps Electric
Alps Electric Price Performance
The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.75 billion, a P/E ratio of 15.18, a PEG ratio of 1.52 and a beta of 0.43. The firm has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $27.36.
Alps Electric (OTCMKTS:APELY – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, analysts forecast that Alps Electric will post 2.11 EPS for the current year.
About Alps Electric
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.
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