Alps Electric (OTCMKTS:APELY) Shares Gap Up - Here's What Happened

Alps Electric (OTCMKTS:APELY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $19.19, but opened at $20.84. Alps Electric shares last traded at $21.46, with a volume of 1,109 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Alps Electric from a "hold" rating to a "strong sell" rating in a research note on Monday, March 31st.

Alps Electric Trading Up 11.9%

The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $19.29 and a 200 day simple moving average of $19.80. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.44 and a beta of 0.33.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $1.41 by ($1.57). Alps Electric had a return on equity of 2.64% and a net margin of 3.82%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.58 billion. As a group, equities research analysts predict that Alps Electric will post 1.63 EPS for the current fiscal year.

About Alps Electric

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.

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