Alps Alpine (OTCMKTS:APELY) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Alps Alpine Co., Ltd. (OTCMKTS:APELY)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.01 and traded as high as $21.35. Alps Alpine shares last traded at $21.35, with a volume of 1,936 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Alps Alpine from a “hold” rating to a “strong sell” rating in a report on Monday, March 31st.

Alps Alpine Price Performance

The business has a fifty day moving average of $20.01 and a 200-day moving average of $20.21. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.19 billion, a PE ratio of 1,068.03, a PEG ratio of 0.32 and a beta of 0.44.

Alps Alpine (OTCMKTS:APELY) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.37. Alps Alpine had a net margin of 0.02% and a return on equity of 1.73%. As a group, research analysts predict that Alps Alpine Co., Ltd. will post 1.63 earnings per share for the current year.

About Alps Alpine

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.