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

Alps Electric (OTCMKTS:APELY) shares reached a new 52-week high during trading on Monday . The stock traded as high as $29.00 and last traded at $28.32, with a volume of 528 shares. The stock had previously closed at $27.3715.

Analyst Upgrades and Downgrades

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

Alps Electric Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The company has a market cap of $2.77 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.67 and a beta of 0.35. The business has a fifty day simple moving average of $26.53 and a two-hundred day simple moving average of $25.11.

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