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

Alps Electric (OTCMKTS:APELY) shares gapped up prior to trading on Thursday . The stock had previously closed at $27.35, but opened at $28.53. Alps Electric shares last traded at $28.53, with a volume of 255 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Alps Electric Stock Performance

The stock’s fifty day simple moving average is $27.25 and its 200-day simple moving average is $26.21. 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 company has a market capitalization of $2.97 billion, a PE ratio of 8.49, a PEG ratio of 0.65 and a beta of 0.34.

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