Alps Electric (OTCMKTS:APELY) Shares Gap Down – Here’s What Happened

Shares of Alps Electric (OTCMKTS:APELY) gapped down before the market opened on Monday . The stock had previously closed at $27.14, but opened at $25.05. Alps Electric shares last traded at $25.05, with a volume of 401 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Alps Electric Stock Up 4.2%

The company’s 50-day moving average is $27.33 and its 200 day moving average is $27.15. The company has a market capitalization of $2.72 billion, a PE ratio of 14.66, a P/E/G ratio of 6.33 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

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.