Alps Electric (OTCMKTS:APELY) Trading Down 5.7% – Should You Sell?

Alps Electric (OTCMKTS:APELY)’s stock price dropped 5.7% on Thursday . The company traded as low as $25.2772 and last traded at $25.2772. Approximately 224 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,252 shares. The stock had previously closed at $26.8150.

Analysts Set New Price Targets

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.com, the stock has a consensus rating of “Hold”.

Alps Electric Stock Up 5.8%

The business’s 50 day simple moving average is $26.70 and its 200-day simple moving average is $27.08. 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 cap of $2.63 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 7.10 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.