Alps Electric (OTCMKTS:APELY) Shares Up 6.3% – Still a Buy?

Alps Electric (OTCMKTS:APELY) shares were up 6.3% during mid-day trading on Tuesday . The company traded as high as $29.83 and last traded at $29.83. 478 shares traded hands during trading, a decline of 58% from the average session volume of 1,136 shares. The stock had previously closed at $28.05.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Alps Electric currently has a consensus rating of “Sell”.

Alps Electric Stock Up 2.2%

The company has a market cap of $2.98 billion, a PE ratio of 16.48, a P/E/G ratio of 7.44 and a beta of 0.37. The stock has a 50-day moving average of $26.41 and a 200-day moving average of $27.11. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY) last posted its earnings results on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Sell-side analysts predict that Alps Electric will post 1.61 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.