Alps Electric (OTCMKTS:APELY) Stock Price Down 5.1% – Should You Sell?

Alps Electric (OTCMKTS:APELY)’s share price was down 5.1% during trading on Tuesday . The stock traded as low as $26.5349 and last traded at $26.5349. 105 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,192 shares. The stock had previously closed at $27.96.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Alps Electric from a “hold” rating to a “strong sell” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Alps Electric Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.08 and a quick ratio of 1.51. The company has a 50 day simple moving average of $26.28 and a 200-day simple moving average of $27.04. The firm has a market cap of $2.76 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 7.23 and a beta of 0.37.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (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 7.19%. As a group, equities research 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.