Alps Electric (OTCMKTS:APELY) Shares Gap Up – Here’s What Happened

Alps Electric (OTCMKTS:APELY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $23.65, but opened at $26.00. Alps Electric shares last traded at $26.00, with a volume of 198 shares trading hands.

Wall Street Analyst Weigh In

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

Alps Electric Trading Up 9.9%

The company has a quick ratio of 1.49, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.71 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 0.67 and a beta of 0.33. The firm’s 50-day simple moving average is $25.83 and its 200-day simple moving average is $23.23.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.83. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Analysts anticipate that Alps Electric will post 1.63 EPS for the current year.

About Alps Electric

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.