Shares of Alps Electric (OTCMKTS:APELY – Get Free Report) saw unusually-strong trading volume on Monday. 95,000 shares changed hands during mid-day trading, an increase of 8,632% from the average daily volume of 1,088 shares. The stock last traded at $26.41 and had previously closed at $26.43.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report 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 a consensus rating of “Strong Buy”.
View Our Latest Stock Report on Alps Electric
Alps Electric Stock Performance
The business has a fifty day simple moving average of $28.17 and a two-hundred day simple moving average of $27.32.
Alps Electric (OTCMKTS:APELY – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.23). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Equities research analysts predict that Alps Electric will post 2.11 EPS for the current fiscal year.
About Alps Electric
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.
Featured Articles
- Five stocks we like better than Alps Electric
- Hidden in Plain Sight: 2 Earnings Winners Investors May Have Missed
- These 3 New ETFs Are Turning Heads—Are They Worth Buying?
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
Receive News & Ratings for Alps Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alps Electric and related companies with MarketBeat.com's FREE daily email newsletter.
