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

Alps Electric (OTCMKTS:APELY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $26.90, but opened at $24.45. Alps Electric shares last traded at $24.45, with a volume of 100 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Alps Electric Trading Down 9.1%

The business has a 50-day moving average of $24.92 and a 200-day moving average of $22.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.23 and a quick ratio of 1.53. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.13 and a beta of 0.21.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a return on equity of 1.79% and a net margin of 3.39%. Research analysts anticipate that Alps Electric will post 1.63 EPS for the current year.

Alps Electric Company Profile

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.