Alps Electric (OTCMKTS:APELY) Sees Strong Trading Volume – Time to Buy?

Alps Electric (OTCMKTS:APELY) saw an uptick in trading volume on Monday . 2,618 shares changed hands during mid-day trading, an increase of 63% from the previous session’s volume of 1,610 shares.The stock last traded at $27.32 and had previously closed at $29.21.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Alps Electric Trading Down 4.5%

The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.68 and a beta of 0.34. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $27.09 and a two-hundred day moving average of $25.74.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. On average, research analysts expect that Alps Electric will post 1.63 EPS for the current year.

About Alps Electric

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.