Alps Electric (OTCMKTS:APELY) Stock Price Up 5.8% – Still a Buy?

Alps Electric (OTCMKTS:APELY)’s stock price rose 5.8% during mid-day trading on Friday . The company traded as high as $27.95 and last traded at $27.95. Approximately 1,111 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 1,343 shares. The stock had previously closed at $26.4162.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Alps Electric Stock Up 1.6%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 6.65 and a beta of 0.36. The firm’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $27.17.

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.