Alps Electric (OTCMKTS:APELY) Shares Gap Down – Here’s Why

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Monday . The stock had previously closed at $27.33, but opened at $26.40. Alps Electric shares last traded at $28.05, with a volume of 1,714 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Alps Electric from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Alps Electric Price Performance

The firm has a market capitalization of $2.98 billion, a P/E ratio of 16.48, a PEG ratio of 7.53 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95. The firm has a 50-day moving average of $26.46 and a 200-day moving average of $27.12.

Alps Electric (OTCMKTS:APELY) last posted its earnings results on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. As a group, analysts predict that Alps Electric will post 1.61 EPS 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.