Alps Electric (OTCMKTS:APELY) Stock Rating Lowered by Zacks Research

Alps Electric (OTCMKTS:APELY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Alps Electric Stock Performance

Alps Electric stock opened at $27.40 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $27.69 and its two-hundred day simple moving average is $27.13. Alps Electric has a 12 month low of $19.19 and a 12 month high of $32.15. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 15.39 and a beta of 0.36.

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.