Alps Electric (OTCMKTS:APELY) Shares Gap Up – Here’s Why

Alps Electric (OTCMKTS:APELY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $26.9190, but opened at $28.05. Alps Electric shares last traded at $28.05, with a volume of 185 shares.

Analysts Set New Price Targets

Separately, Zacks Research cut Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Alps Electric presently has an average rating of “Sell”.

Alps Electric Trading Up 2.6%

The firm has a market cap of $2.92 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 7.34 and a beta of 0.37. The company has a 50-day simple moving average of $26.35 and a 200 day simple moving average of $27.11. The company has a current ratio of 1.95, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY) last posted its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. As a group, sell-side analysts forecast that Alps Electric will post 1.61 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.