Alps Alpine (OTCMKTS:APELY) Stock Rating Lowered by The Goldman Sachs Group

Alps Alpine (OTCMKTS:APELY) was downgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Alps Alpine Stock Performance

OTCMKTS:APELY opened at $20.30 on Monday. Alps Alpine has a 1-year low of $15.40 and a 1-year high of $23.50. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.09 billion, a P/E ratio of 1,015.51, a price-to-earnings-growth ratio of 0.32 and a beta of 0.73. The stock’s 50-day moving average is $20.59 and its 200-day moving average is $20.55.

Alps Alpine (OTCMKTS:APELY) last released its quarterly earnings results on Friday, January 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.37. Alps Alpine had a net margin of 0.02% and a return on equity of 1.73%. Equities research analysts anticipate that Alps Alpine 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.