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

Alps Electric (OTCMKTS:APELY) shares gapped down before the market opened on Thursday . The stock had previously closed at $26.90, but opened at $24.45. Alps Electric shares last traded at $24.45, with a volume of 100 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Alps Electric from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Alps Electric Stock Performance

The stock has a 50-day moving average of $24.92 and a 200 day moving average of $22.00. The firm has a market capitalization of $2.51 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.23.

Alps Electric (OTCMKTS:APELY) last announced its earnings results on Friday, October 31st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. Alps Electric had a net margin of 3.39% and a return on equity of 1.79%. On average, research analysts anticipate that Alps Electric will post 1.63 earnings per share for the current year.

Alps Electric 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.