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

Alps Electric (OTCMKTS:APELY) released its earnings results on Friday. The company reported $0.61 EPS for the quarter, beating 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 Trading Up 5.9%

APELY traded up $1.58 during mid-day trading on Friday, reaching $28.19. The stock had a trading volume of 2,606 shares, compared to its average volume of 1,952. The firm’s fifty day simple moving average is $28.17 and its two-hundred day simple moving average is $27.31. 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. Alps Electric has a 52 week low of $23.65 and a 52 week high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95.

Analyst Upgrades and Downgrades

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