Alps Electric (OTCMKTS:APELY) Shares Gap Down – Here’s What Happened

Shares of Alps Electric (OTCMKTS:APELY) gapped down prior to trading on Tuesday . The stock had previously closed at $26.8150, but opened at $23.9114. Alps Electric shares last traded at $23.9114, with a volume of 500 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded 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, the company has an average rating of “Hold”.

Alps Electric Stock Performance

The stock’s 50 day moving average price is $26.87 and its 200 day moving average price is $27.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The company has a market capitalization of $2.49 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 7.97 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.