Alps Alpine (OTCMKTS:APELY) Lifted to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Alps Alpine (OTCMKTS:APELY) from a sell rating to a hold rating in a research note issued to investors on Monday morning, reports.

According to Zacks, “ALPS ELECTRIC CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of electronic components and audio equipment. The Company operates in three business segments. The Electronic Component segment offers switches, adjustable resistors, hard disk drive (HDD) heads, tuners, data communication modules, printers, amusement machines, car control units and steering modules, among others. The Audio segment provides car audio equipment and navigation systems. The Logistic segment provides delivery and storage services and packaging materials, as well as system development service, office service, manpower dispatching service and financial management services. The Company has 86 subsidiaries and right associated companies. “

Shares of OTCMKTS:APELY opened at $24.05 on Monday. Alps Alpine has a 1 year low of $18.98 and a 1 year high of $33.30. The business has a 50 day simple moving average of $25.88 and a two-hundred day simple moving average of $27.13. The firm has a market capitalization of $2.46 billion, a PE ratio of -300.63 and a beta of 1.72.

About Alps Alpine

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan, the United States, China, Germany, and internationally. It operates through three segments: Electronic Components, Automotive Infotainment, and Logistics. The Electronic Components segment develops, manufactures, and markets electronic components.

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