Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase – Still a Buy?

Alps Electric (OTCMKTS:APELY) saw strong trading volume on Thursday . 5,234 shares were traded during mid-day trading, an increase of 272% from the previous session’s volume of 1,406 shares.The stock last traded at $28.75 and had previously closed at $27.65.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alps Electric currently has a consensus rating of “Hold”.

Alps Electric Stock Up 2.7%

The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.52 and a beta of 0.35. The business has a fifty day simple moving average of $27.40 and a 200 day simple moving average of $26.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%.The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. As a group, equities analysts forecast that Alps Electric will post 1.63 EPS for the current fiscal 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.