Alps Electric (OTCMKTS:APELY) Shares Down 5.2% – Here’s Why

Alps Electric (OTCMKTS:APELY) dropped 5.2% on Tuesday . The company traded as low as $26.7353 and last traded at $26.7353. Approximately 302 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,331 shares. The stock had previously closed at $28.20.

Analysts Set New Price Targets

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

Alps Electric Trading Down 5.2%

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The business’s 50-day moving average price is $27.66 and its two-hundred day moving average price is $27.18. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 6.79 and a beta of 0.36.

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.