Alps Electric (OTCMKTS:APELY) Sees Strong Trading Volume – Should You Buy?

Alps Electric (OTCMKTS:APELY) shares saw an uptick in 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.

Analyst Ratings Changes

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

Alps Electric Price Performance

The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.45 and a beta of 0.35. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The firm’s 50 day simple moving average is $27.50 and its 200-day simple moving average is $26.37.

Alps Electric (OTCMKTS:APELY) last released its earnings results on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.18 by $0.56. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. On average, sell-side analysts anticipate 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.