Alps Electric (OTCMKTS:APELY) Announces Earnings Results

Alps Electric (OTCMKTS:APELY) announced its earnings results 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 return on equity of 7.34% and a net margin of 2.62%.

Alps Electric Price Performance

OTCMKTS APELY traded up $0.68 during trading hours on Friday, hitting $26.93. 790 shares of the company’s stock traded hands, compared to its average volume of 1,219. The company has a market capitalization of $2.80 billion, a PE ratio of 15.13, a PEG ratio of 7.05 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.08 and a quick ratio of 1.51. Alps Electric has a 52-week low of $21.55 and a 52-week high of $32.15. The firm’s 50-day moving average is $26.33 and its 200-day moving average is $27.04.

Wall Street Analyst Weigh In

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

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.