Alps Electric (OTCMKTS:APELY) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Alps Electric shares moved above their 200-day moving average, reaching $28.85 before closing at $28.19, compared with the average of $27.32.
• Zacks Research upgraded the stock from “hold” to “strong buy,” and the company now has a consensus “strong buy” rating from analysts.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.61 per share versus a $0.57 estimate and revenue of $1.94 billion versus $1.86 billion expected.

Alps Electric (OTCMKTS:APELY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $27.32 and traded as high as $28.85. Alps Electric shares last traded at $28.19, with a volume of 2,606 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alps Electric from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has a consensus rating of "Strong Buy".

Alps Electric Price Performance

The stock has a market cap of $2.93 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.61 and a beta of 0.43. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $28.19 and its 200-day simple moving average is $27.32.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued its earnings results on Friday, October 30th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. As a group, sell-side analysts forecast that Alps Electric will post 2.11 EPS for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.

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