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

Alps Electric (OTCMKTS:APELY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $27.80, but opened at $29.36. Alps Electric shares last traded at $29.36, with a volume of 340 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alps Electric has a consensus rating of “Hold”.

Alps Electric Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95. The firm has a market capitalization of $3.05 billion, a P/E ratio of 16.87, a P/E/G ratio of 7.47 and a beta of 0.38. The stock’s 50 day simple moving average is $26.90 and its 200 day simple moving average is $27.13.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. As a group, analysts expect that Alps Electric will post 1.61 earnings per share for the current fiscal year.

About Alps Electric

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, combining hardware, software and sensor technologies.

Its product portfolio includes switches, potentiometers, encoders, sensors, touch and haptic interfaces, communication modules, displays and other human-machine interface components. For automotive customers, Alps Alpine supplies electronic control and interface products, sensing solutions, infotainment-related components and other technologies used in vehicle systems.

Founded in Japan in 1948, the company expanded its operations internationally and serves customers through research, manufacturing and sales locations across Asia, Europe and the Americas.