Alps Alpine (OTCMKTS:APELY) Downgraded to Strong Sell Rating by The Goldman Sachs Group

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

Alps Alpine Stock Up 5.0 %

APELY opened at $20.30 on Monday. The stock has a fifty day moving average of $20.59 and a 200-day moving average of $20.55. The company has a market capitalization of $2.09 billion, a P/E ratio of 1,015.51, a P/E/G ratio of 0.32 and a beta of 0.73. Alps Alpine has a fifty-two week low of $15.40 and a fifty-two week high of $23.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 2.01.

Alps Alpine (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.71 earnings per share 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%. On average, equities analysts expect that Alps Alpine will post 1.63 EPS 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.