Alps Electric (OTCMKTS:APELY) Shares Gap Down – Time to Sell?

Alps Electric (OTCMKTS:APELY) gapped down prior to trading 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 Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Alps Electric presently has an average rating of “Strong Buy”.

Alps Electric Price Performance

The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.81 billion, a P/E ratio of 15.17 and a beta of 0.37. The business has a fifty day moving average of $27.48 and a 200 day moving average of $27.07.

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.