Alps Electric (OTCMKTS:APELY) Shares Gap Down – Here’s What Happened

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Monday . The stock had previously closed at $27.14, but opened at $25.05. Alps Electric shares last traded at $25.05, with a volume of 401 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Alps Electric Stock Down 7.7%

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 capitalization of $2.61 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 6.61 and a beta of 0.36. The business’s 50-day moving average price is $27.44 and its 200-day moving average price is $27.16.

Alps Electric Company Profile

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.