Alps Electric (OTCMKTS:APELY) Shares Gap Up – Time to Buy?

Alps Electric (OTCMKTS:APELY) gapped up before the market opened on Tuesday . The stock had previously closed at $25.05, but opened at $26.10. Alps Electric shares last traded at $26.10, with a volume of 113 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Alps Electric presently has a consensus rating of “Hold”.

Alps Electric Trading Up 4.2%

The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 6.61 and a beta of 0.36. The business has a fifty day moving average of $27.37 and a two-hundred day moving average of $27.15. 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.