Alps Alpine (OTCMKTS:APELY) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Alps Alpine Co., Ltd. (OTCMKTS:APELY - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.72 and traded as low as $19.08. Alps Alpine shares last traded at $19.08, with a volume of 157 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Alps Alpine from a "hold" rating to a "strong sell" rating in a research note on Monday, March 31st.

Alps Alpine Price Performance

The firm's fifty day simple moving average is $19.52 and its 200 day simple moving average is $20.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 2.01. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 900.95, a P/E/G ratio of 0.32 and a beta of 0.40.

Alps Alpine (OTCMKTS:APELY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($1.57). Alps Alpine had a return on equity of 1.73% and a net margin of 0.02%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.58 billion. On average, sell-side analysts forecast that Alps Alpine Co., Ltd. will post 1.63 earnings per share for the current year.

Alps Alpine Company Profile

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company's products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.