Alps Electric (OTCMKTS:APELY) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Alps Electric (OTCMKTS:APELY) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Alps Electric Price Performance

APELY stock opened at $26.52 on Monday. Alps Electric has a one year low of $16.21 and a one year high of $32.15. The firm has a market cap of $2.76 billion, a PE ratio of 7.89, a PEG ratio of 0.63 and a beta of 0.34. The firm’s 50 day moving average price is $27.27 and its 200-day moving average price is $26.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

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