Alps Electric (OTCMKTS:APELY) Upgraded at Zacks Research

Zacks Research upgraded shares of Alps Electric (OTCMKTS:APELY) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Alps Electric Stock Up 2.2%

Shares of OTCMKTS:APELY opened at $25.04 on Monday. Alps Electric has a 52-week low of $16.21 and a 52-week high of $27.30. The stock has a market cap of $2.61 billion, a P/E ratio of 7.75, a PEG ratio of 0.58 and a beta of 0.32. The business has a fifty day moving average of $26.39 and a two-hundred day moving average of $24.45. The company has a quick ratio of 1.49, a current ratio of 2.10 and a debt-to-equity ratio of 0.13.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.83. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. On average, research analysts expect that Alps Electric will post 1.63 earnings per share 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.