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

Key Points

• Alps Electric's stock price has crossed above its fifty-day moving average, reaching a high of $21.55, indicating upward momentum in trading.
• The company's most recent quarterly earnings showed a loss of ($0.16) earnings per share, significantly missing analyst expectations of $1.41, despite generating $1.75 billion in revenue.
• Alps Electric has a market cap of $2.22 billion and a relatively low debt-to-equity ratio of 0.14, illustrating a strong balance sheet position.

Alps Electric (OTCMKTS:APELY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.72 and traded as high as $21.55. Alps Electric shares last traded at $21.55, with a volume of 421 shares.

Alps Electric Trading Up 4.2%

The stock has a market cap of $2.22 billion, a PE ratio of 8.90, a PEG ratio of 0.75 and a beta of 0.34. The company's fifty day moving average is $19.78 and its 200-day moving average is $19.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.18 and a quick ratio of 1.57.

Alps Electric (OTCMKTS:APELY - Get Free Report) last announced 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). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.58 billion. Alps Electric had a return on equity of 2.61% and a net margin of 3.82%. On average, analysts predict that Alps Electric will post 1.63 earnings per share 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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