Shares of Alps Electric (OTCMKTS:APELY – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $25.05, but opened at $26.9250. Alps Electric shares last traded at $26.9250, with a volume of 179 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Alps Electric presently has a consensus rating of “Strong Buy”.
Read Our Latest Research Report on APELY
Alps Electric Stock Performance
The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32. The stock has a 50-day moving average price of $28.17 and a 200-day moving average price of $27.32. The firm has a market capitalization of $2.80 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43.
Alps Electric (OTCMKTS:APELY – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. On average, research analysts expect that Alps Electric will post 2.11 EPS 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.
Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.
The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.
See Also
- Five stocks we like better than Alps Electric
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
- Amkor’s Mobile Business Is Slowing, But Its AI Ambitions Aren’t
- Want to Own a Piece of Professional Sports? This ETF Could Be Your Ticket
Receive News & Ratings for Alps Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alps Electric and related companies with MarketBeat.com's FREE daily email newsletter.
