Alps Electric (OTCMKTS:APELY – Get Free Report)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $26.61, but opened at $24.21. Alps Electric shares last traded at $23.02, with a volume of 1,117 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Alps Electric has an average rating of “Strong Buy”.
Check Out Our Latest Analysis on APELY
Alps Electric Stock Down 0.7%
The firm has a 50-day moving average of $28.06 and a two-hundred day moving average of $27.28. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.45 and a beta of 0.50. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.
About Alps Electric
Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.
Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.
The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.
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