Alps Electric (OTCMKTS:APELY) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Alps Electric (OTCMKTS:APELY) released its quarterly earnings data on Friday. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04, Zacks reports. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%.

Alps Electric Stock Performance

APELY stock traded up $1.57 during mid-day trading on Friday, reaching $28.18. The company had a trading volume of 2,606 shares, compared to its average volume of 1,952. Alps Electric has a one year low of $23.65 and a one year high of $32.15. The stock has a market capitalization of $2.93 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.63 and a beta of 0.43. 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 stock’s 50-day simple moving average is $28.17 and its two-hundred day simple moving average is $27.31.

Analyst Ratings Changes

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

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.