Alps Electric (OTCMKTS:APELY) Stock Price Up 5.8% – Still a Buy?

Alps Electric (OTCMKTS:APELY) traded up 5.8% on Friday . The company traded as high as $27.95 and last traded at $27.95. 1,111 shares were traded during mid-day trading, a decline of 17% from the average session volume of 1,343 shares. The stock had previously closed at $26.4162.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Alps Electric Stock Performance

The company has a market capitalization of $2.79 billion, a P/E ratio of 15.08, a P/E/G ratio of 6.65 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $27.67 and its two-hundred day simple moving average is $27.17.

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.