Alps Electric (OTCMKTS:APELY) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Alps Electric (OTCMKTS:APELY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $26.19 and traded as high as $27.5850. Alps Electric shares last traded at $27.5850, with a volume of 600 shares changing hands.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Alps Electric Stock Up 4.1%

The firm’s 50-day moving average price is $26.19 and its 200 day moving average price is $27.06. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 7.12 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.08 and a quick ratio of 1.51.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.19% and a net margin of 2.64%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Sell-side analysts expect that Alps Electric will post 1.61 EPS for the current 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.