Alps Electric (OTCMKTS:APELY) Shares Gap Down – Time to Sell?

Alps Electric (OTCMKTS:APELY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $29.34, but opened at $27.80. Alps Electric shares last traded at $27.80, with a volume of 141 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Alps Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Alps Electric Stock Down 5.2%

The firm has a market capitalization of $2.89 billion, a PE ratio of 15.98, a P/E/G ratio of 7.88 and a beta of 0.38. The stock has a 50-day simple moving average of $26.82 and a 200-day simple moving average of $27.16. The company has a quick ratio of 1.32, a current ratio of 1.95 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). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. Analysts forecast that Alps Electric will post 1.61 EPS for the current year.

Alps Electric Company Profile

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.