Alps Electric (OTCMKTS:APELY) Shares Gap Down – What’s Next?

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $28.00, but opened at $26.70. Alps Electric shares last traded at $26.66, with a volume of 1,239 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Alps Electric Stock Performance

The firm’s 50-day simple moving average is $26.53 and its two-hundred day simple moving average is $25.07. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $2.77 billion, a PE ratio of 7.93, a PEG ratio of 0.66 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, beating analysts’ consensus estimates of $0.18 by $0.56. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, equities research analysts expect 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.