Alps Electric (OTCMKTS:APELY) Shares Gap Down – What’s Next?

Alps Electric (OTCMKTS:APELY) shares gapped down before the market opened on Friday. The stock had previously closed at $26.43, but opened at $25.01. Alps Electric shares last traded at $25.05, with a volume of 3,462 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Alps Electric Stock Down 5.2%

The business has a 50 day simple moving average of $28.32 and a 200-day simple moving average of $27.37. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.60 and a beta of 0.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. On average, equities analysts expect that Alps Electric will post 2.11 EPS for the current year.

About Alps Electric

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.