Alps Electric (OTCMKTS:APELY) Sees Strong Trading Volume – Here’s Why

Shares of Alps Electric (OTCMKTS:APELY) saw an uptick in trading volume on Monday . 2,618 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 1,610 shares.The stock last traded at $27.32 and had previously closed at $29.21.

Analyst Ratings Changes

Separately, Zacks Research raised 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Alps Electric Price Performance

The stock has a market capitalization of $2.80 billion, a P/E ratio of 8.00, a PEG ratio of 0.67 and a beta of 0.34. The firm’s 50-day simple moving average is $27.16 and its 200 day simple moving average is $25.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings data on Friday, January 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate 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 return on equity of 5.32% and a net margin of 5.06%. As a group, research analysts expect 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.