Alps Electric (OTCMKTS:APELY) Sees Strong Trading Volume – Time to Buy?

Shares of Alps Electric (OTCMKTS:APELY) saw unusually-high trading volume on Tuesday . Approximately 928 shares changed hands during trading, an increase of 2,800% from the previous session’s volume of 32 shares.The stock last traded at $24.1050 and had previously closed at $25.7350.

Alps Electric Stock Down 7.1%

The company has a 50-day moving average of $26.47 and a two-hundred day moving average of $24.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.49. The company has a market capitalization of $2.64 billion, a PE ratio of 7.85, a P/E/G ratio of 0.65 and a beta of 0.32.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.83. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%.The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Sell-side analysts anticipate 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.