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

Alps Electric (OTCMKTS:APELY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $29.34, but opened at $27.80. Alps Electric shares last traded at $27.80, with a volume of 141 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Alps Electric from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Alps Electric Stock 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 firm has a market capitalization of $2.89 billion, a P/E ratio of 15.98, a P/E/G ratio of 7.47 and a beta of 0.38. The firm has a 50-day moving average of $26.88 and a two-hundred day moving average of $27.14.

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