Alps Electric (OTCMKTS:APELY) Stock Price Up 6.3% – Still a Buy?

Alps Electric (OTCMKTS:APELY)’s share price rose 6.3% on Wednesday . The company traded as high as $28.50 and last traded at $28.25. Approximately 276 shares changed hands during trading, a decline of 79% from the average daily volume of 1,333 shares. The stock had previously closed at $26.5728.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Alps Electric Trading Down 1.0%

The firm has a market capitalization of $2.81 billion, a PE ratio of 15.17 and a beta of 0.37. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $27.48 and its 200 day simple moving average is $27.07.

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.