Alps Electric (OTCMKTS:APELY) Releases Earnings Results, Beats Expectations By $0.04 EPS

Alps Electric (OTCMKTS:APELY) announced its earnings results on Friday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04, Zacks reports. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.

Alps Electric Stock Up 5.9%

Shares of Alps Electric stock traded up $1.58 on Friday, hitting $28.19. 2,606 shares of the company traded hands, compared to its average volume of 1,952. The company has a 50-day moving average price of $28.17 and a 200 day moving average price of $27.31. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12. Alps Electric has a 12-month low of $23.65 and a 12-month high of $32.15. The company has a market cap of $2.93 billion, a PE ratio of 16.20, a PEG ratio of 1.63 and a beta of 0.43.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

About Alps Electric

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.