Zacks Research Upgrades Alps Electric (OTCMKTS:APELY) to “Strong-Buy”

Alps Electric (OTCMKTS:APELY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Alps Electric Stock Down 1.1%

Shares of APELY opened at $26.43 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. Alps Electric has a 1 year low of $23.65 and a 1 year high of $32.15. The business’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $27.40.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. As a group, equities analysts expect that Alps Electric will post 2.11 earnings per share for the current fiscal year.

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.