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

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. “

Shares of Alps Electric Co (NASDAQ:APELY) traded down 0.86% during trading on Monday, hitting $50.54. 142 shares of the company traded hands. The firm has a 50 day moving average price of $45.68 and a 200-day moving average price of $40.18. Alps Electric Co has a one year low of $30.72 and a one year high of $64.77. The stock has a market cap of $4.95 billion and a price-to-earnings ratio of 15.72.

Alps Electric Co Company Profile

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.

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