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

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $27.30, but opened at $25.8550. Alps Electric shares last traded at $25.8550, with a volume of 348 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alps Electric has a consensus rating of “Moderate Buy”.

Alps Electric Stock Performance

The stock’s 50-day simple moving average is $26.42 and its 200 day simple moving average is $24.44. The company has a market capitalization of $2.61 billion, a PE ratio of 7.75, a P/E/G ratio of 0.65 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 2.10.

Alps Electric (OTCMKTS:APELY) last issued its earnings results on Friday, October 31st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. As a group, research analysts expect that Alps Electric will post 1.63 earnings per share for the current fiscal year.

About Alps Electric

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.