Alps Electric (OTCMKTS:APELY) Shares Cross Above 50-Day Moving Average After Earnings Miss

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) shares passed above its 50 day moving average during trading on Thursday after the company announced better than expected quarterly earnings. The stock has a 50 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 trading hands.

The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.14). The firm 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%.

Alps Electric Stock Performance

The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.78 and a beta of 0.33. The stock's 50 day moving average is $19.83 and its 200 day moving average is $19.84. The company has a current ratio of 2.18, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

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.