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

Alps Electric (OTCMKTS:APELY) shares saw unusually-strong trading volume on Wednesday . Approximately 1,737 shares changed hands 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.

Analyst Ratings Changes

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

Alps Electric Trading Down 4.0%

The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 14.77 and a beta of 0.36. 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 firm’s 50-day simple moving average is $27.69 and its 200 day simple moving average is $27.13.

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.