Alps Electric (OTCMKTS:APELY) Releases Earnings Results, Misses Expectations By $0.23 EPS

Alps Electric (OTCMKTS:APELY) announced its quarterly earnings data on Friday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23), Zacks reports. Alps Electric had a net margin of 2.62% and a return on equity of 7.34%.

Alps Electric Trading Up 3.6%

APELY traded up $0.94 during trading on Friday, reaching $26.93. The company had a trading volume of 790 shares, compared to its average volume of 1,213. The firm’s 50-day simple moving average is $26.33 and its 200 day simple moving average is $27.04. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 7.05 and a beta of 0.37. Alps Electric has a 12-month low of $21.55 and a 12-month high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 2.08.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Alps Electric currently has a consensus rating of “Hold”.

Alps Electric Company Profile

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.