Alps Electric (OTCMKTS:APELY – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04, Zacks reports. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%.
Alps Electric Trading Up 5.9%
Shares of Alps Electric stock opened at $28.19 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.61 and a beta of 0.43. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $28.19 and a 200 day simple moving average of $27.32. Alps Electric has a 12-month low of $23.65 and a 12-month high of $32.15.
Analysts Set New Price Targets
Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Alps Electric currently has a consensus rating of “Strong Buy”.
View Our Latest Analysis on APELY
Alps Electric Company Profile
Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.
Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.
The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.
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