Alps Electric (OTCMKTS:APELY) Stock Rating Upgraded by Zacks Research

Alps Electric (OTCMKTS:APELY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Alps Electric Trading Down 10.3%

Alps Electric stock opened at $24.50 on Monday. The stock has a market capitalization of $2.55 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.65 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.49. Alps Electric has a one year low of $16.21 and a one year high of $27.30. The business’s fifty day moving average is $26.42 and its 200 day moving average is $24.44.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings results on Friday, October 31st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.26 by $0.83. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. On average, sell-side analysts predict 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.