Alps Electric (OTCMKTS:APELY) Trading Down 5.2% – Time to Sell?

Shares of Alps Electric (OTCMKTS:APELY) dropped 5.2% during mid-day trading on Tuesday . The stock traded as low as $26.7353 and last traded at $26.7353. Approximately 302 shares traded hands during trading, a decline of 77% from the average daily volume of 1,331 shares. The stock had previously closed at $28.20.

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 report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Alps Electric presently has an average rating of “Hold”.

Alps Electric Stock Performance

The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 6.79 and a beta of 0.36. The company has a fifty day moving average of $27.66 and a two-hundred day moving average of $27.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

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.