Alps Electric (OTCMKTS:APELY) Shares Gap Up – Time to Buy?

Alps Electric (OTCMKTS:APELY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $25.04, but opened at $27.15. Alps Electric shares last traded at $25.50, with a volume of 930 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Alps Electric Stock Up 5.8%

The business has a 50-day moving average price of $26.39 and a 200 day moving average price of $24.45. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.76 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.58 and a beta of 0.32.

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