Zacks Investment Research upgraded shares of ALPS Elec Ltd/ADR (OTCMKTS:APELY) from a sell rating to a hold rating in a research note published on Wednesday.

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. “

Separately, ValuEngine raised shares of ALPS Elec Ltd/ADR from a sell rating to a hold rating in a report on Monday, July 30th.

OTCMKTS:APELY opened at $50.95 on Wednesday. ALPS Elec Ltd/ADR has a fifty-two week low of $44.09 and a fifty-two week high of $68.45.

ALPS Elec Ltd/ADR Company Profile

Alps Electric Co, Ltd. manufactures and sells electronic components worldwide. The company operates through Electronic Components, Automotive Infotainment, and Logistics segments. It offers sensors, switches, encoders, potentiometers, connectors, communication modules, multi control devices, power inductors, aspherical glass lenses, toroidal coils, touch input devices, actuators, and printers; and car navigation and audio systems, and information and communication devices.

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