Alps Electric (OTCMKTS:APELY) Sees Strong Trading Volume – Here’s What Happened

Shares of Alps Electric (OTCMKTS:APELY) saw an uptick in trading volume on Wednesday . 1,737 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 1,310 shares.The stock last traded at $26.65 and had previously closed at $27.40.

Analysts Set New Price Targets

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

Alps Electric Trading Up 0.5%

The firm has a market capitalization of $2.75 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 6.65 and a beta of 0.36. The business’s 50-day moving average is $27.67 and its 200 day moving average is $27.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

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.