Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase – Should You Buy?

Alps Electric (OTCMKTS:APELY) shares saw unusually-high trading volume on Friday . Approximately 790 shares were traded during trading, a decline of 35% from the previous session’s volume of 1,219 shares.The stock last traded at $26.9250 and had previously closed at $26.25.

Analysts Set New Price Targets

Separately, Zacks Research lowered Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Alps Electric Stock Up 2.6%

The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average price is $26.33 and its 200 day moving average price is $27.04. The company has a market capitalization of $2.80 billion, a P/E ratio of 15.13, a P/E/G ratio of 7.05 and a beta of 0.37.

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 analysts’ consensus estimates of $0.02 by ($0.23). Alps Electric had a net margin of 2.62% and a return on equity of 7.34%. As a group, equities research analysts predict that Alps Electric will post 1.61 earnings per share for the current fiscal year.

Alps Electric Company Profile

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.