Alps Electric (OTCMKTS:APELY) Shares Gap Up – Here’s What Happened

Alps Electric (OTCMKTS:APELY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $25.05, but opened at $26.9250. Alps Electric shares last traded at $26.9250, with a volume of 179 shares changing hands.

Wall Street Analysts Forecast Growth

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

Alps Electric Trading Up 5.9%

The business’s 50-day moving average price is $28.17 and its two-hundred day moving average price is $27.31. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.63 and a beta of 0.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32.

Alps Electric (OTCMKTS:APELY) last announced its earnings results on Friday, October 30th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. Research analysts predict that Alps Electric will post 2.11 earnings per share 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.