Alps Electric (OTCMKTS:APELY) Shares Gap Up - Should You Buy?

Key Points

• Gapped up: APELY shares opened pre-market at $28.0710 versus the prior close of $26.3512 and last traded at $28.0710 on light volume (794 shares).
• Analyst downgrade: Zacks Research cut the stock from "strong-buy" to "hold" on March 16, and MarketBeat shows a consensus rating of "Hold."
• Solid quarterly results and attractive valuation: Alps reported $0.74 EPS vs. $0.18 expected and $1.67B revenue vs. $1.63B expected; the company has a $2.91B market cap, P/E of 8.33, and low debt-to-equity (0.12).

Alps Electric (OTCMKTS:APELY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $26.3512, but opened at $28.0710. Alps Electric shares last traded at $28.0710, with a volume of 794 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered Alps Electric from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Alps Electric Price Performance

The company has a fifty day simple moving average of $27.49 and a two-hundred day simple moving average of $26.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 0.45 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.56. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. As a group, research analysts anticipate that Alps Electric will post 1.63 earnings per share 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.

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