Alps Electric (OTCMKTS:APELY) Shares Gap Up – Time to Buy?

Alps Electric (OTCMKTS:APELY) gapped up prior to trading on Tuesday . The stock had previously closed at $25.05, but opened at $26.10. Alps Electric shares last traded at $26.10, with a volume of 113 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Alps Electric Trading Up 4.2%

The business has a 50 day moving average of $27.37 and a 200-day moving average of $27.15. The stock has a market cap of $2.72 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 6.61 and a beta of 0.36. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12.

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.