Alps Electric (OTCMKTS:APELY) Shares Down 9.8% – Should You Sell?

Shares of Alps Electric (OTCMKTS:APELY) were down 9.8% during trading on Monday . The stock traded as low as $25.93 and last traded at $25.93. Approximately 1,398 shares traded hands during trading, a decline of 5% from the average daily volume of 1,478 shares. The stock had previously closed at $28.75.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Alps Electric has a consensus rating of “Hold”.

Alps Electric Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The company’s 50-day simple moving average is $27.49 and its 200 day simple moving average is $26.42. The firm has a market cap of $2.74 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.45 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY) last released its earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.56. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Research analysts anticipate that Alps Electric will post 1.63 EPS for the current fiscal 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.