Alps Electric (OTCMKTS:APELY) Shares Gap Down – What’s Next?

Alps Electric (OTCMKTS:APELY) shares gapped down prior to trading on Monday . The stock had previously closed at $27.28, but opened at $25.6672. Alps Electric shares last traded at $25.6672, with a volume of 100 shares traded.

Analysts Set New Price Targets

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

Alps Electric Trading Down 0.1%

The firm has a market capitalization of $2.67 billion, a P/E ratio of 14.42, a PEG ratio of 6.90 and a beta of 0.37. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $26.55 and a 200-day moving average price of $27.09.

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.