Shares of Alps Electric (OTCMKTS:APELY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $29.58, but opened at $26.72. Alps Electric shares last traded at $26.72, with a volume of 187 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Alps Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Report on Alps Electric
Alps Electric Stock Down 9.7%
The company’s fifty day simple moving average is $28.36 and its 200-day simple moving average is $27.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 1.32. The firm has a market capitalization of $2.78 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.
Alps Electric (OTCMKTS:APELY – Get Free Report) last issued 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). The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. On average, analysts forecast that Alps Electric will post 2.11 EPS for the current year.
Alps Electric Company Profile
Alps Electric Co, Ltd., now operating under the name Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops and supplies products for the automotive, mobile communications, consumer electronics and industrial markets.
Its product portfolio includes switches, sensors, encoders, potentiometers, connectors, communication modules and other electronic components. Alps Alpine also provides automotive infotainment and information systems, cockpit controls, human-machine interface products, sensing technologies and related software and services.
The company traces its origins to Japan in the late 1940s and has expanded its operations and customer base internationally.
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