Alps Electric (OTCMKTS:APELY) Trading 7% Higher - Here's What Happened

Key Points

• Alps Electric's stock rose 7% during trading, reaching $24.50, although trading volume decreased by 35% compared to its average daily volume.
• The company reported a quarterly loss of ($0.18) earnings per share, missing estimates significantly, with revenues considerably lower than anticipated.
• Alps Electric has a market capitalization of $2.52 billion and a current ratio indicating a strong liquidity position.

Alps Electric (OTCMKTS:APELY - Get Free Report)'s stock price rose 7% on Thursday . The company traded as high as $24.50 and last traded at $24.50. Approximately 180 shares were traded during trading, a decline of 35% from the average daily volume of 278 shares. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Alps Electric from a "strong sell" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Alps Electric has an average rating of "Reduce".

Alps Electric Stock Performance

The firm has a market cap of $2.52 billion, a PE ratio of 11.14, a PEG ratio of 0.89 and a beta of 0.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.18 and a quick ratio of 1.57. The business has a 50-day moving average price of $21.87 and a two-hundred day moving average price of $20.39.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued 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). Alps Electric had a net margin of 3.39% and a return on equity of 1.81%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $229.53 billion. Analysts forecast that Alps Electric will post 1.63 EPS 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.