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

Alps Electric (OTCMKTS:APELY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $26.61, but opened at $24.21. Alps Electric shares last traded at $23.02, with a volume of 1,117 shares.

Analyst Upgrades and Downgrades

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

Alps Electric Stock Performance

The firm has a market capitalization of $2.46 billion, a PE ratio of 21.71, a P/E/G ratio of 1.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32. The firm has a fifty day moving average price of $28.19 and a 200 day moving average price of $27.32.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). Alps Electric had a return on equity of 5.46% and a net margin of 1.59%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Research analysts anticipate that Alps Electric will post 2.11 earnings per share for the current fiscal year.

About Alps Electric

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.