Alps Electric (OTCMKTS:APELY) Reaches New 12-Month High – Here’s Why

Shares of Alps Electric (OTCMKTS:APELY) hit a new 52-week high on Tuesday . The company traded as high as $27.50 and last traded at $27.00, with a volume of 378 shares trading hands. The stock had previously closed at $26.35.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alps Electric presently has an average rating of “Moderate Buy”.

Alps Electric Stock Performance

The firm has a fifty day moving average price of $26.43 and a 200 day moving average price of $24.81. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.81 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.62 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY) last issued its earnings results on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. Alps Electric had a net margin of 5.06% and a return on equity of 5.34%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. As a group, equities research analysts expect that Alps Electric will post 1.63 earnings per share for the current fiscal year.

Alps Electric Company Profile

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.