Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase – Here’s Why

Alps Electric (OTCMKTS:APELY) shares saw an uptick in trading volume on Thursday . 5,234 shares traded hands during mid-day trading, an increase of 272% from the previous session’s volume of 1,406 shares.The stock last traded at $28.75 and had previously closed at $27.65.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Alps Electric Stock Performance

The firm’s 50 day moving average price is $27.40 and its 200-day moving average price is $26.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The firm has a market capitalization of $2.99 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.52 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.56. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, 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.