Alps Electric (OTCMKTS:APELY) Sets New 52-Week High – Here’s Why

Alps Electric (OTCMKTS:APELY)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $27.30 and last traded at $27.30, with a volume of 186 shares traded. The stock had previously closed at $26.60.

Analysts Set New Price Targets

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

Alps Electric Stock Performance

The stock has a market cap of $2.84 billion, a P/E ratio of 8.45, a PEG ratio of 0.65 and a beta of 0.32. The company’s 50-day simple moving average is $26.13 and its 200 day simple moving average is $23.73. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

Alps Electric (OTCMKTS:APELY) last posted its earnings results on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. As a group, sell-side analysts expect that Alps Electric will post 1.63 EPS for the current fiscal 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.