Alps Electric (OTCMKTS:APELY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Alps Electric (OTCMKTS:APELY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.49 and traded as low as $27.23. Alps Electric shares last traded at $27.23, with a volume of 378 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Alps Electric Stock Performance

The firm’s fifty day simple moving average is $27.49 and its 200 day simple moving average is $26.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The company has a market capitalization of $2.83 billion, a PE ratio of 15.30 and a beta of 0.37.

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.