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

Shares of Alps Electric (OTCMKTS:APELY) gapped up before the market opened on Tuesday. The stock had previously closed at $23.0379, but opened at $24.1550. Alps Electric shares last traded at $24.1550, with a volume of 163 shares trading hands.

Wall Street Analysts Forecast Growth

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

Alps Electric Stock Up 3.2%

The company has a market capitalization of $2.59 billion, a PE ratio of 14.90, a PEG ratio of 1.46 and a beta of 0.50. The company’s 50 day moving average is $27.62 and its two-hundred day moving average is $27.21. 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 Company Profile

Alps Electric, now known as Alps Alpine Co., Ltd., is a Japanese manufacturer of electronic components and systems. Its products include switches, sensors, communication modules and other components used in automotive, mobile, consumer and industrial applications. The company also supplies automotive infotainment and cockpit systems, drawing on the product businesses of Alps Electric and Alpine Electronics. The two companies combined in 2019, when Alps Electric changed its name to Alps Alpine. Headquartered in Japan, Alps Alpine serves customers through operations and sales networks in markets around the world.