Alps Electric (OTCMKTS:APELY) Hits New 52-Week High – What’s Next?

Alps Electric (OTCMKTS:APELY) shares hit a new 52-week high on Thursday . The stock traded as high as $32.15 and last traded at $32.15, with a volume of 375 shares changing hands. The stock had previously closed at $30.00.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Alps Electric Trading Up 10.1%

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 firm has a market capitalization of $3.35 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The firm’s 50-day simple moving average is $26.97 and its 200-day simple moving average is $25.63.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data 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 company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. Analysts anticipate that Alps Electric will post 1.63 EPS for the current 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.