Alps Electric (OTCMKTS:APELY – Get Free Report)’s share price gapped down before the market opened on Monday following a dissappointing earnings announcement. The stock had previously closed at $25.98, but opened at $24.05. Alps Electric shares last traded at $24.05, with a volume of 343 shares trading hands.
The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.19%.
Analyst Ratings Changes
Separately, Zacks Research downgraded shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Alps Electric currently has a consensus rating of “Hold”.
Alps Electric Price Performance
The firm has a fifty day moving average of $26.30 and a 200 day moving average of $27.04. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.50 billion, a P/E ratio of 13.82, a P/E/G ratio of 7.23 and a beta of 0.37.
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.
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