Alps Electric (OTCMKTS:APELY) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded Alps Electric from a "strong-buy" to a "hold" in a report issued Monday.
• Alps Electric beat expectations last quarter, reporting $0.74 EPS versus $0.18 expected and revenue of $1.67 billion versus $1.63 billion consensus.
• The stock trades at a PE of 7.89 with a $2.76 billion market cap, a PEG of 0.63, and shows healthy liquidity (current ratio 2.11) and low leverage (debt-to-equity 0.12).

Alps Electric (OTCMKTS:APELY - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Alps Electric Price Performance

Alps Electric stock opened at $26.52 on Monday. The company has a market capitalization of $2.76 billion, a PE ratio of 7.89, a PEG ratio of 0.63 and a beta of 0.34. Alps Electric has a 12-month low of $16.21 and a 12-month high of $32.15. The firm's fifty day moving average is $27.27 and its 200 day moving average is $26.08. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.56. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. The business had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.63 billion. As a group, sell-side analysts predict that Alps Electric will post 1.63 EPS for the current fiscal 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.

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