Alps Electric (OTCMKTS:APELY) Upgraded by Zacks Research to Hold Rating

Key Points

• Alps Electric has been upgraded from a "strong sell" rating to a "hold" rating by Zacks Research, indicating a more favorable outlook for the stock.
• The company's stock opened at $24.50, showing significant growth from its 12-month low of $16.21 and matching its 12-month high.
• In the latest earnings report, Alps Electric reported a loss of $0.18 per share, missing consensus estimates by $0.14, while revenue fell substantially below expectations.

Alps Electric (OTCMKTS:APELY - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday, September 8th,Zacks.com reports.

Alps Electric Price Performance

APELY stock remained flat at $24.50 during trading on Monday. 62 shares of the company traded hands, compared to its average volume of 40. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 0.89 and a beta of 0.23. The stock's 50-day moving average price is $22.04 and its two-hundred day moving average price is $20.44. 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 has a 12 month low of $16.21 and a 12 month high of $24.50.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.14). The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $229.53 billion. Alps Electric had a net margin of 3.39% and a return on equity of 1.81%. On average, equities research analysts predict that Alps Electric will post 1.63 EPS for the current fiscal 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.