Alps Electric (OTCMKTS:APELY) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Alps Electric (OTCMKTS:APELY)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.28 and traded as high as $26.51. Alps Electric shares last traded at $26.51, with a volume of 197 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alps Electric currently has a consensus rating of “Reduce”.

Alps Electric Stock Up 15.8%

The firm has a market capitalization of $2.73 billion, a PE ratio of 12.05, a P/E/G ratio of 1.13 and a beta of 0.23. The firm’s 50 day moving average price is $24.28 and its two-hundred day moving average price is $21.59. The company has a quick ratio of 1.53, a current ratio of 2.23 and a debt-to-equity ratio of 0.14.

Alps Electric (OTCMKTS:APELY) last announced its earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.14). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $229.53 billion. Alps Electric had a net margin of 3.39% and a return on equity of 1.79%. As a group, research analysts forecast that Alps Electric will post 1.63 EPS for the current fiscal year.

Alps Electric Company Profile

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company’s products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.