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

Key Points

• Alps Electric shares fell 5.2%, opening at $25.01 versus the prior close of $26.43, on trading volume of 3,462 shares.
• Zacks Research upgraded the stock from “hold” to “strong buy”; the sole covering analyst also rates it Strong Buy.
• The company’s latest quarterly results missed expectations, reporting a loss of $0.21 per share versus an expected $0.02 profit, while revenue of $1.49 billion came in below estimates of $1.52 billion.

Alps Electric (OTCMKTS:APELY - Get Free Report)'s stock price gapped down prior to trading on Friday. The stock had previously closed at $26.43, but opened at $25.01. Alps Electric shares last traded at $25.05, with a volume of 3,462 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Alps Electric from a "hold" rating to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, Alps Electric presently has an average rating of "Strong Buy".

Alps Electric Trading Down 5.2%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. The business has a fifty day simple moving average of $28.32 and a 200 day simple moving average of $27.37.

Alps Electric (OTCMKTS:APELY - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.23). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. As a group, research analysts expect that Alps Electric will post 2.11 EPS for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.