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

Alps Electric (OTCMKTS:APELY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $23.0379, but opened at $24.1550. Alps Electric shares last traded at $24.1550, with a volume of 163 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Alps Electric presently has an average rating of “Strong Buy”.

Alps Electric Trading Up 3.3%

The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.40 and a beta of 0.50. The firm’s 50 day moving average is $27.74 and its 200 day moving average is $27.23. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12.

Alps Electric Company Profile

Alps Electric, now known as Alps Alpine Co., Ltd., is a Japanese manufacturer of electronic components and systems. Its products include switches, sensors, communication modules and other components used in automotive, mobile, consumer and industrial applications. The company also supplies automotive infotainment and cockpit systems, drawing on the product businesses of Alps Electric and Alpine Electronics. The two companies combined in 2019, when Alps Electric changed its name to Alps Alpine. Headquartered in Japan, Alps Alpine serves customers through operations and sales networks in markets around the world.