Alps Electric (OTCMKTS:APELY) Shares Gap Up – Here’s What Happened

Alps Electric (OTCMKTS:APELY) shares gapped up before the market opened on Friday . The stock had previously closed at $27.28, but opened at $29.0892. Alps Electric shares last traded at $29.11, with a volume of 454 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Alps Electric Price 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 company has a 50-day moving average price of $27.68 and a 200-day moving average price of $26.56. The firm has a market capitalization of $3.03 billion, a PE ratio of 8.66, a P/E/G ratio of 0.43 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.56. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%.The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Sell-side analysts forecast 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.