Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase – Here’s What Happened

Alps Electric (OTCMKTS:APELY) shares saw an uptick in trading volume on Monday . 2,618 shares traded hands during trading, an increase of 63% from the previous session’s volume of 1,610 shares.The stock last traded at $27.32 and had previously closed at $29.21.

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 report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Alps Electric Trading Down 4.5%

The stock has a market cap of $2.84 billion, a P/E ratio of 8.13, a PEG ratio of 0.68 and a beta of 0.34. The business’s 50 day simple moving average is $27.09 and its 200 day simple moving average is $25.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

Alps Electric (OTCMKTS:APELY) last issued its earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, analysts expect that Alps Electric will post 1.63 earnings per share for the current fiscal 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.