Zacks Investment Research cut shares of ALPS ELEC LTD/ADR (OTCMKTS:APELY) from a hold rating to a sell rating in a research report sent to investors on Thursday, Zacks.com reports.

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. “

Several other analysts have also issued reports on APELY. ValuEngine upgraded shares of ALPS ELEC LTD/ADR from a sell rating to a hold rating in a research report on Friday, March 15th. Credit Suisse Group upgraded shares of ALPS ELEC LTD/ADR from a neutral rating to an outperform rating in a research report on Thursday, January 24th.

Shares of OTCMKTS APELY opened at $35.25 on Thursday. ALPS ELEC LTD/ADR has a 12-month low of $35.10 and a 12-month high of $60.36.

About ALPS ELEC LTD/ADR

Alps Alpine Co, Ltd. manufactures and sells electronic components worldwide. The company offers sensors, switches, encoders, potentiometers, connectors, communication modules, multi control devices, aspherical glass lenses, power inductors, toroidal coils, actuators, reactors, printers, touch input devices, and energy harvesters; mobile media solutions; and logistics services.

Featured Story: Real Estate Investment Trust (REIT) ETF

Get a free copy of the Zacks research report on ALPS ELEC LTD/ADR (APELY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ALPS ELEC LTD/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALPS ELEC LTD/ADR and related companies with MarketBeat.com's FREE daily email newsletter.