Alps Electric (OTCMKTS:APELY) Stock Price Down 15.9% – Here’s Why

Shares of Alps Electric (OTCMKTS:APELY) traded down 15.9% during mid-day trading on Tuesday. The company traded as low as $23.72 and last traded at $23.72. 1,084 shares traded hands during trading, a decline of 45% from the average session volume of 1,981 shares. The stock had previously closed at $28.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Alps Electric presently has an average rating of “Strong Buy”.

Alps Electric Stock Down 0.7%

The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $28.13 and its 200-day simple moving average is $27.30. The firm has a market capitalization of $2.47 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.63 and a beta of 0.43.

Alps Electric (OTCMKTS:APELY) last posted 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). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, research analysts predict that Alps Electric will post 2.11 earnings per share for the current fiscal year.

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.