Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase on Analyst Upgrade

Alps Electric (OTCMKTS:APELY) saw unusually-high trading volume on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. Approximately 928 shares changed hands 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 debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 2.10. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.59 and a beta of 0.32. The company’s fifty day moving average is $26.43 and its two-hundred day moving average is $24.46.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. On average, research analysts anticipate that Alps Electric will post 1.63 EPS for the current year.

Alps Electric Company Profile

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.