Alps Electric (OTCMKTS:APELY) Shares Gap Up – Should You Buy?

Alps Electric (OTCMKTS:APELY) gapped up prior to trading on Thursday . The stock had previously closed at $26.3512, but opened at $28.0710. Alps Electric shares last traded at $28.0710, with a volume of 794 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Alps Electric currently has a consensus rating of “Hold”.

Alps Electric Stock Up 6.3%

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The firm’s 50-day moving average price is $27.49 and its 200 day moving average price is $26.42. The firm has a market cap of $2.91 billion, a P/E ratio of 8.33, a PEG ratio of 0.45 and a beta of 0.35.

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