Alps Electric (OTCMKTS:APELY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Alps Electric (OTCMKTS:APELY) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Alps Electric Stock Performance

Shares of APELY stock opened at $27.40 on Monday. The business’s fifty day moving average price is $27.69 and its 200 day moving average price is $27.13. Alps Electric has a 1-year low of $19.19 and a 1-year high of $32.15. The firm has a market capitalization of $2.85 billion, a PE ratio of 15.39 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

Alps Electric Company Profile

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.