Alps Electric (OTCMKTS:APELY) Shares Gap Down – Should You Sell?

Alps Electric (OTCMKTS:APELY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $25.80, but opened at $24.56. Alps Electric shares last traded at $24.56, with a volume of 420 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Alps Electric Price Performance

The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.51 billion, a P/E ratio of 13.54, a PEG ratio of 7.60 and a beta of 0.36. The business has a fifty day moving average of $27.17 and a 200 day moving average of $27.13.

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.