Shares of Alps Electric (OTCMKTS:APELY – Get Free Report) saw strong trading volume on Monday. Approximately 95,000 shares changed hands during trading, an increase of 8,632% from the previous session’s volume of 1,088 shares. The stock last traded at $26.41 and had previously closed at $26.43.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.
Get Our Latest Stock Report on Alps Electric
Alps Electric Price Performance
The firm has a fifty day simple moving average of $28.27 and a 200 day simple moving average of $27.36. The company has a market capitalization of $2.75 billion, a PE ratio of 15.18, a P/E/G ratio of 1.52 and a beta of 0.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95.
Alps Electric (OTCMKTS:APELY – Get Free Report) last issued 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). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. Equities analysts anticipate that Alps Electric will post 2.11 EPS for the current 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.
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.
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