Alps Electric (OTCMKTS:APELY) Shares Gap Up – Should You Buy?

Alps Electric (OTCMKTS:APELY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $26.9190, but opened at $28.05. Alps Electric shares last traded at $28.05, with a volume of 185 shares.

Analysts Set New Price Targets

Separately, Zacks Research lowered Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Alps Electric has a consensus rating of “Sell”.

Alps Electric Price Performance

The firm’s 50-day moving average is $26.35 and its two-hundred day moving average is $27.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.51. The company has a market cap of $2.92 billion, a P/E ratio of 16.12, a PEG ratio of 7.34 and a beta of 0.37.

Alps Electric (OTCMKTS:APELY) last announced its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Analysts anticipate that Alps Electric will post 1.61 earnings per share for the current year.

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.