Alps Electric (OTCMKTS:APELY) Upgraded at Zacks Research

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 research note issued to investors on Monday,Zacks.com reports.

Alps Electric Price Performance

Shares of Alps Electric stock remained flat at $24.50 during mid-day trading on Monday. 62 shares of the stock traded hands, compared to its average volume of 37. The firm's 50-day simple moving average is $22.04 and its 200-day simple moving average is $20.45. Alps Electric has a twelve month low of $16.21 and a twelve month high of $24.50. The company has a current ratio of 2.18, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market cap 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.

Alps Electric (OTCMKTS:APELY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.14). Alps Electric had a net margin of 3.39% and a return on equity of 1.81%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $229.53 billion. Sell-side analysts expect that Alps Electric will post 1.63 earnings per share for the current 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.