Alps Electric (OTCMKTS:APELY) Shares Down 0.7% - Time to Sell?

Shares of Alps Electric (OTCMKTS:APELY - Get Free Report) dropped 0.7% during trading on Monday . The stock traded as low as $20.22 and last traded at $20.22. Approximately 865 shares were traded during trading, an increase of 389% from the average daily volume of 177 shares. The stock had previously closed at $20.36.

Analysts Set New Price Targets

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

Alps Electric Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.18 and a quick ratio of 1.57. The business's 50 day simple moving average is $19.46 and its 200 day simple moving average is $19.78. The company has a market capitalization of $2.08 billion, a PE ratio of 8.36, a P/E/G ratio of 0.73 and a beta of 0.34.

Alps Electric (OTCMKTS:APELY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($1.57). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.58 billion. Alps Electric had a net margin of 3.82% and a return on equity of 2.61%. As a group, analysts anticipate that Alps Electric will post 1.63 earnings per share for the current fiscal year.

Alps Electric 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.