Alps Electric (OTCMKTS:APELY) Shares Down 5.7% – Here’s Why

Alps Electric (OTCMKTS:APELY) shares traded down 5.7% on Thursday . The company traded as low as $25.2772 and last traded at $25.2772. Approximately 224 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,252 shares. The stock had previously closed at $26.8150.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alps Electric currently has an average rating of “Hold”.

Alps Electric Stock Performance

The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $26.70 and its two-hundred day moving average price is $27.08. The company has a market cap of $2.63 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 7.10 and a beta of 0.37.

About Alps Electric

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.