Alps Electric Co Ltd (NASDAQ:APELY) Stock Rating Upgraded by Zacks Investment Research
Alps Electric Co Ltd (NASDAQ:APELY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $60.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.73% from the stock’s previous close.
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 (APELY) remained flat at $53.70 during mid-day trading on Friday. 305 shares of the company traded hands. Alps Electric Co has a 12 month low of $41.74 and a 12 month high of $62.31. The firm has a market cap of $5.26 billion and a P/E ratio of 15.05. The company’s 50-day moving average price is $56.61 and its 200 day moving average price is $57.04.
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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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