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

Key Points

• Alps Electric shares gapped down about 7.0%, opening at $26.75 after a prior close of $29.3020.
• Analysts are bullish: Zacks upgraded the stock to a Strong Buy and MarketBeat shows an average rating of Strong Buy, with analysts forecasting roughly $1.58 EPS for the current year.
• Company fundamentals look solid — it beat the quarter with $0.74 EPS on $1.67B revenue, trades at a low P/E of 7.77, and has low leverage (debt-to-equity 0.12).

Alps Electric (OTCMKTS:APELY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $29.3020, but opened at $26.75. Alps Electric shares last traded at $26.75, with a volume of 1,703 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Alps Electric from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Alps Electric Stock Down 7.0%

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The company has a market cap of $2.72 billion, a P/E ratio of 7.77, a PEG ratio of 0.46 and a beta of 0.35. The stock has a 50-day moving average of $27.79 and a 200 day moving average of $26.84.

Alps Electric (OTCMKTS:APELY - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.18 by $0.56. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Research analysts anticipate that Alps Electric will post 1.58 earnings per share for the current year.

About Alps Electric

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.

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