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

Alps Electric (OTCMKTS:APELY) shares gapped down before the market opened on Thursday . The stock had previously closed at $28.1715, but opened at $27.00. Alps Electric shares last traded at $27.00, with a volume of 1,000 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Alps Electric has an average rating of “Strong Buy”.

Alps Electric Stock Up 6.5%

The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.99 billion, a PE ratio of 16.16 and a beta of 0.37. The business’s 50-day simple moving average is $27.52 and its 200 day simple moving average is $27.08.

Alps Electric Company Profile

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.