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

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

Alps Alpine Trading Up 5.0 %

OTCMKTS APELY opened at $20.30 on Monday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 1,015.51, a PEG ratio of 0.32 and a beta of 0.73. 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 has a one year low of $15.40 and a one year high of $23.50. The company’s 50 day moving average price is $20.59 and its 200 day moving average price is $20.55.

Alps Alpine (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.37. Alps Alpine had a return on equity of 1.73% and a net margin of 0.02%. On average, sell-side analysts predict that Alps Alpine will post 1.63 EPS for the current year.

About Alps Alpine

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.