Alps Electric (OTCMKTS:APELY) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Alps Electric shares have surpassed their 50-day moving average of $20.14, trading as high as $22.52 during recent activity.
• The company reported a loss of $0.18 EPS for the last quarter, falling short of analysts' expectations, despite achieving $1.60 billion in revenue.
• Alps Electric has a current market capitalization of $2.31 billion and a P/E ratio of 10.24, indicating a potential opportunity for investors.

Shares of Alps Electric (OTCMKTS:APELY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.14 and traded as high as $22.52. Alps Electric shares last traded at $22.52, with a volume of 179 shares.

Alps Electric Trading Up 0.4%

The stock has a market cap of $2.32 billion, a PE ratio of 47.92, a P/E/G ratio of 0.82 and a beta of 0.33. The business's fifty day moving average is $20.22 and its 200 day moving average is $19.93. The company has a quick ratio of 1.57, a current ratio of 2.18 and a debt-to-equity ratio of 0.14.

Alps Electric (OTCMKTS:APELY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.14). The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $229.53 billion. Alps Electric had a return on equity of 1.81% and a net margin of 3.39%. As a group, analysts predict that Alps Electric will post 1.63 earnings per share for the current year.

Alps Electric Company Profile

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company's products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.