Zacks Investment Research lowered shares of Alps Electric Co Ltd (NASDAQ:APELY) from a strong-buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “ALPS ELECTRIC CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of electronic components and audio equipment. The Company operates in three business segments. The Electronic Component segment offers switches, adjustable resistors, hard disk drive (HDD) heads, tuners, data communication modules, printers, amusement machines, car control units and steering modules, among others. The Audio segment provides car audio equipment and navigation systems. The Logistic segment provides delivery and storage services and packaging materials, as well as system development service, office service, manpower dispatching service and financial management services. The Company has 86 subsidiaries and right associated companies. “

Alps Electric Co (NASDAQ:APELY) traded down 0.86% during mid-day trading on Monday, reaching $50.54. 142 shares of the company traded hands. Alps Electric Co has a 52-week low of $30.72 and a 52-week high of $64.77. The stock has a 50-day moving average of $45.68 and a 200 day moving average of $40.18. The stock has a market capitalization of $4.95 billion and a PE ratio of 15.72.

About Alps Electric Co

Alps Electric Co, Ltd. develops, manufactures and markets approximately 40,000 types of electronic components. The Company’s segments include Electronic components, Automotive Infotainment and Logistics. The Electronic components business involves the development, manufacturing and marketing of a range of electronic components.

5 Day Chart for NASDAQ:APELY

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