Alps Electric (OTCMKTS:APELY) Shares Gap Up – Here’s Why

Alps Electric (OTCMKTS:APELY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.2948, but opened at $28.25. Alps Electric shares last traded at $26.2745, with a volume of 1,131 shares traded.

Analyst Ratings Changes

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

Alps Electric Stock Performance

The stock has a market capitalization of $2.79 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 6.68 and a beta of 0.36. The company has a 50 day simple moving average of $27.64 and a 200-day simple moving average of $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.

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.