Alps Electric (OTCMKTS:APELY) Shares Gap Down – Should You Sell?

Shares of Alps Electric (OTCMKTS:APELY) gapped down prior to trading on Tuesday . The stock had previously closed at $26.8150, but opened at $23.9114. Alps Electric shares last traded at $23.9114, with a volume of 500 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alps Electric has a consensus rating of “Hold”.

Alps Electric Stock Performance

The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $26.70 and a two-hundred day moving average price of $27.08. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 7.10 and a beta of 0.37.

About Alps Electric

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.