Alps Electric (OTCMKTS:APELY) Shares Gap Down – Here’s Why

Shares of Alps Electric (OTCMKTS:APELY) gapped down before the market opened on Monday . The stock had previously closed at $27.33, but opened at $26.40. Alps Electric shares last traded at $28.05, with a volume of 1,714 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Alps Electric Price Performance

The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $2.92 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 7.44 and a beta of 0.37. The stock has a 50 day moving average of $26.38 and a 200-day moving average of $27.11.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. On average, equities research analysts anticipate that Alps Electric will post 1.61 earnings per share for the current fiscal year.

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.