Alps Electric (OTCMKTS:APELY) Shares Gap Up – Still a Buy?

Alps Electric (OTCMKTS:APELY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.2948, but opened at $28.25. Alps Electric shares last traded at $26.2745, with a volume of 1,131 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Alps Electric presently has a consensus rating of “Hold”.

Alps Electric Price Performance

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 stock has a market capitalization of $2.75 billion, a PE ratio of 14.84, a PEG ratio of 6.93 and a beta of 0.36. The business has a fifty day moving average price of $27.69 and a 200-day moving average price of $27.15.

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.