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

Alps Electric (OTCMKTS:APELY) shares gapped up before the market opened on Monday . The stock had previously closed at $27.80, but opened at $29.36. Alps Electric shares last traded at $29.36, with a volume of 340 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Alps Electric Stock Performance

The company has a market capitalization of $3.05 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 7.88 and a beta of 0.38. The company’s 50 day moving average is $27.06 and its 200-day moving average is $27.13. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. Equities analysts anticipate that Alps Electric will post 1.61 EPS for the current fiscal year.

Alps Electric Company Profile

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, combining hardware, software and sensor technologies.

Its product portfolio includes switches, potentiometers, encoders, sensors, touch and haptic interfaces, communication modules, displays and other human-machine interface components. For automotive customers, Alps Alpine supplies electronic control and interface products, sensing solutions, infotainment-related components and other technologies used in vehicle systems.

Founded in Japan in 1948, the company expanded its operations internationally and serves customers through research, manufacturing and sales locations across Asia, Europe and the Americas.