Alps Electric (OTCMKTS:APELY) Shares Up 10.3% – Time to Buy?

Alps Electric (OTCMKTS:APELY) shot up 10.3% on Monday . The stock traded as high as $29.07 and last traded at $29.07. 103 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,495 shares. The stock had previously closed at $26.3512.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Alps Electric Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 0.46 and a beta of 0.35. The firm has a fifty day simple moving average of $27.68 and a two-hundred day simple moving average of $26.55.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results 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. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, analysts expect that Alps Electric will post 1.63 EPS for the current 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.