Alps Electric (OTCMKTS:APELY) Shares Gap Down – Should You Sell?

Alps Electric (OTCMKTS:APELY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $27.28, but opened at $25.6672. Alps Electric shares last traded at $25.6672, with a volume of 100 shares.

Analyst Ratings Changes

Separately, Zacks Research cut Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Alps Electric Price Performance

The stock has a 50 day moving average of $26.55 and a two-hundred day moving average of $27.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 2.08. The stock has a market cap of $2.67 billion, a PE ratio of 14.42, a PEG ratio of 6.90 and a beta of 0.37.

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.