Alps Electric (OTCMKTS:APELY – Get Free Report)’s share price traded up 7.1% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $28.85 and last traded at $28.85. 402 shares traded hands during trading, a decline of 79% from the average daily volume of 1,959 shares. The stock had previously closed at $26.9250.
The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded 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, Alps Electric presently has an average rating of “Strong Buy”.
View Our Latest Report on APELY
Alps Electric Stock Performance
The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95. The company’s fifty day simple moving average is $28.17 and its two-hundred day simple moving average is $27.31. The stock has a market capitalization of $3.00 billion, a P/E ratio of 16.58, a PEG ratio of 1.63 and a beta of 0.43.
Alps Electric Company Profile
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.
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