Alps Electric (OTCMKTS:APELY) Shares Gap Down – Here’s What Happened

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Friday. The stock had previously closed at $29.58, but opened at $26.72. Alps Electric shares last traded at $26.72, with a volume of 187 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold”.

Alps Electric Trading Down 3.9%

The stock’s fifty day moving average price is $28.37 and its two-hundred day moving average price is $27.42. The stock has a market capitalization of $2.78 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.62 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.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Equities research analysts forecast that Alps Electric will post 2.11 EPS for the current year.

About Alps Electric

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

Its product portfolio includes switches, sensors, encoders, potentiometers, connectors, communication modules and other electronic components. Alps Alpine also provides automotive infotainment and information systems, cockpit controls, human-machine interface products, sensing technologies and related software and services.

The company traces its origins to Japan in the late 1940s and has expanded its operations and customer base internationally.