Alps Electric (OTCMKTS:APELY) Trading Down 5.1% – Here’s What Happened

Alps Electric (OTCMKTS:APELY)’s stock price traded down 5.1% on Tuesday . The stock traded as low as $26.5349 and last traded at $26.5349. 105 shares traded hands during trading, a decline of 91% from the average session volume of 1,192 shares. The stock had previously closed at $27.96.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Alps Electric from a “hold” rating to a “strong sell” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Alps Electric Price Performance

The stock has a market capitalization of $2.76 billion, a P/E ratio of 15.25, a PEG ratio of 7.23 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 2.08. The firm has a fifty day moving average price of $26.28 and a two-hundred day moving average price of $27.04.

Alps Electric (OTCMKTS:APELY) last announced 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). Alps Electric had a return on equity of 7.19% and a net margin of 2.64%.The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, analysts expect that Alps Electric will post 1.61 EPS 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.