Alps Electric (OTCMKTS:APELY) Shares Gap Up – Time to Buy?

Alps Electric (OTCMKTS:APELY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $27.00, but opened at $29.34. Alps Electric shares last traded at $28.76, with a volume of 223 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Alps Electric Stock Performance

The stock has a market capitalization of $2.91 billion, a P/E ratio of 15.70 and a beta of 0.37. The firm has a 50-day moving average of $27.55 and a 200 day moving average of $27.10. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12.

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.