Alps Electric (OTCMKTS:APELY) Shares Up 6.3% – Time to Buy?

Alps Electric (OTCMKTS:APELY) was up 6.3% during mid-day trading on Wednesday . The company traded as high as $28.50 and last traded at $28.25. Approximately 276 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,333 shares. The stock had previously closed at $26.5728.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Alps Electric Price Performance

The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 15.46 and a beta of 0.37. The company has a fifty day simple moving average of $27.48 and a 200 day simple moving average of $27.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

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.