Alps Alpine (OTCMKTS:APELY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Alps Alpine Co., Ltd. (OTCMKTS:APELY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.72 and traded as low as $19.08. Alps Alpine shares last traded at $19.08, with a volume of 157 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Alps Alpine from a “hold” rating to a “strong sell” rating in a research report on Monday, March 31st.

Alps Alpine Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 2.01. The stock has a market cap of $1.96 billion, a P/E ratio of 954.23, a P/E/G ratio of 0.32 and a beta of 0.40. The business has a 50 day simple moving average of $19.72 and a 200-day simple moving average of $20.10.

Alps Alpine (OTCMKTS:APELY) last posted its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($1.57). Alps Alpine had a net margin of 0.02% and a return on equity of 1.73%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.58 billion. On average, sell-side analysts forecast that Alps Alpine Co., Ltd. will post 1.63 EPS for the current year.

Alps Alpine Company Profile

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company’s products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.