Alps Electric (OTCMKTS:APELY) Stock Moved Up to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Alps Electric (OTCMKTS:APELY) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Alps Electric Stock Down 1.1%

Shares of APELY opened at $26.43 on Monday. Alps Electric has a 52 week low of $23.65 and a 52 week high of $32.15. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.62 and a beta of 0.43. The stock’s 50-day moving average price is $28.37 and its 200-day moving average price is $27.40.

Alps Electric (OTCMKTS:APELY) last posted its earnings results on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. On average, sell-side analysts predict that Alps Electric will post 2.11 EPS for the current year.

About Alps Electric

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.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.