Alps Electric (OTCMKTS:APELY) Shares Up 6.3% – Here’s What Happened

Alps Electric (OTCMKTS:APELY)’s stock price traded up 6.3% on Tuesday . The stock traded as high as $29.83 and last traded at $29.83. Approximately 478 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,136 shares. The stock had previously closed at $28.05.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Alps Electric Stock Performance

The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $26.52 and its two-hundred day moving average is $27.14. The company has a market cap of $2.98 billion, a PE ratio of 16.45, a PEG ratio of 7.70 and a beta of 0.38.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. On average, equities research analysts anticipate that Alps Electric will post 1.61 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.