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

Alps Electric (OTCMKTS:APELY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $26.1560, but opened at $23.70. Alps Electric shares last traded at $27.1561, with a volume of 966 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Alps Electric Price Performance

The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.63 and a beta of 0.32. The company has a fifty day simple moving average of $26.43 and a two-hundred day simple moving average of $24.70. 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 announced its quarterly earnings data on Friday, October 31st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.83. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. As a group, research analysts anticipate that Alps Electric will post 1.63 earnings per share 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.