Alps Electric (OTCMKTS:APELY) Shares Gap Down Following Analyst Downgrade

Shares of Alps Electric (OTCMKTS:APELY) gapped down before the market opened on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $27.9442, but opened at $26.13. Alps Electric shares last traded at $26.13, with a volume of 1,230 shares.

Alps Electric Price Performance

The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.85 billion, a P/E ratio of 15.39 and a beta of 0.36. The business’s 50-day simple moving average is $27.69 and its two-hundred day simple moving average is $27.13.

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.