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

Alps Electric (OTCMKTS:APELY) gapped down before the market opened on Monday . The stock had previously closed at $26.4162, but opened at $25.23. Alps Electric shares last traded at $25.23, with a volume of 746 shares.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Alps Electric Trading Down 5.2%

The business’s 50-day simple moving average is $27.64 and its 200-day simple moving average is $27.18. The company has a market cap of $2.78 billion, a PE ratio of 15.02, a P/E/G ratio of 7.13 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.