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

Alps Electric (OTCMKTS:APELY) shares dropped 5.1% during trading on Tuesday . The company traded as low as $26.5349 and last traded at $26.5349. Approximately 105 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,192 shares. The stock had previously closed at $27.96.

Analysts Set New Price Targets

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

Alps Electric Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.08 and a quick ratio of 1.51. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 7.13 and a beta of 0.37. The firm has a 50-day moving average price of $26.24 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) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Alps Electric had a return on equity of 7.19% and a net margin of 2.64%. As a group, sell-side analysts anticipate that Alps Electric will post 1.61 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.