Alps Electric (OTCMKTS:APELY) Shares Gap Down – What’s Next?

Alps Electric (OTCMKTS:APELY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $27.28, but opened at $25.6672. Alps Electric shares last traded at $25.6672, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat.com, Alps Electric currently has a consensus rating of “Hold”.

Alps Electric Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 2.08. The stock’s fifty day moving average is $26.48 and its two-hundred day moving average is $27.09. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 6.89 and a beta of 0.37.

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.