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

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $27.30, but opened at $25.8550. Alps Electric shares last traded at $25.8550, with a volume of 348 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alps Electric has an average rating of “Moderate Buy”.

Alps Electric Price Performance

The business has a 50-day simple moving average of $26.48 and a two-hundred day simple moving average of $24.50. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.63 and a beta of 0.32. The company has a quick ratio of 1.49, a current ratio of 2.10 and a debt-to-equity ratio of 0.13.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results on Friday, October 31st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.26 by $0.83. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. As a group, research analysts predict that Alps Electric will post 1.63 earnings per share for the current fiscal year.

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.