Alps Electric (OTCMKTS:APELY) Hits New 1-Year High – Here’s Why

Alps Electric (OTCMKTS:APELY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.6205 and last traded at $29.6205, with a volume of 371 shares changing hands. The stock had previously closed at $26.66.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Alps Electric Trading Up 8.0%

The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.65 and a beta of 0.35. The company has a 50-day moving average price of $26.62 and a 200 day moving average price of $25.34.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share (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 5.32%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, research analysts anticipate that Alps Electric will post 1.63 earnings per share 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.