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

Alps Electric (OTCMKTS:APELY) gapped up before the market opened on Thursday . The stock had previously closed at $27.35, but opened at $28.53. Alps Electric shares last traded at $28.53, with a volume of 255 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alps Electric has an average rating of “Reduce”.

Alps Electric Stock Performance

The company’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $26.24. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.65 and a beta of 0.34. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.56. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. On average, analysts expect that Alps Electric will post 1.63 EPS for the current year.

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.