Alps Electric (OTCMKTS:APELY) Sees Large Volume Increase - Here's Why

Alps Electric (OTCMKTS:APELY - Get Free Report) shares saw an uptick in trading volume on Thursday . 5,234 shares traded hands during mid-day trading, an increase of 272% from the previous session's volume of 1,406 shares.The stock last traded at $28.75 and had previously closed at $27.65.Get Alps Electric alerts:Analysts Set New Price Targets2 Sizzling Mid-Caps That Could Stay Hot This SummerSeparately, Zacks Research cut shares of Alps Electric from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".View Our Latest Stock Analysis on APELYAlps Electric Stock PerformanceThe firm's 50 day moving average price is $27.40 and its 200-day moving average price is $26.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The firm has a market capitalization of $2.99 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.52 and a beta of 0.35. Alps Electric (OTCMKTS:APELY - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.56. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, research analysts expect that Alps Electric will post 1.63 EPS for the current year. About Alps Electric (Get Free Report)Alps Electric Co, Ltd. OTCMKTS: APELY, a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions. In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.Further ReadingFive stocks we like better than Alps ElectricThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Alps Electric Right Now?Before you consider Alps Electric, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alps Electric wasn't on the list.While Alps Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here