Alps Electric (OTCMKTS:APELY) Upgraded to Strong-Buy at Zacks Research

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

Alps Electric Stock Performance

OTCMKTS APELY opened at $27.15 on Tuesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.45 and a beta of 0.35. The company has a 50 day moving average of $27.68 and a 200-day moving average of $26.55. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. Alps Electric has a 1-year low of $18.01 and a 1-year high of $32.15.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data 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 company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. On average, equities analysts forecast that Alps Electric will post 1.63 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.