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

Alps Electric (OTCMKTS:APELY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $26.1560, but opened at $23.70. Alps Electric shares last traded at $27.1561, with a volume of 966 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Alps Electric Price Performance

The company has a market cap of $2.76 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.62 and a beta of 0.32. The company has a 50-day simple moving average of $26.46 and a 200-day simple moving average of $24.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 2.10.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%. As a group, research analysts predict that Alps Electric will post 1.63 earnings per share for the current 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.