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

Alps Electric (OTCMKTS:APELY – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $27.33, but opened at $26.40. Alps Electric shares last traded at $28.05, with a volume of 1,714 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alps Electric currently has an average rating of “Sell”.

Get Alps Electric alerts:

Read Our Latest Report on APELY

Alps Electric Price Performance

The firm has a fifty day moving average of $26.38 and a two-hundred day moving average of $27.11. The stock has a market capitalization of $2.92 billion, a P/E ratio of 16.12, a P/E/G ratio of 7.44 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32.

Alps Electric (OTCMKTS:APELY – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.23). The business had revenue of $1.49 billion for 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%. On average, analysts predict that Alps Electric will post 1.61 EPS for the current year.

About Alps Electric

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Alps Electric
• Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
• AST SpaceMobile Is Down 54%—Can FCC Progress and BlueBirds Reverse the Slide?
• Don’t Miss These 3 Companies Delivering Strong Guidance Updates
• Insider Confidence Is Building in These 3 Very Different Stocks

Receive News & Ratings for Alps Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alps Electric and related companies with MarketBeat.com's FREE daily email newsletter.