Alps Electric (OTCMKTS:APELY) Stock Price Up 5.8% – What’s Next?

Shares of Alps Electric (OTCMKTS:APELY) rose 5.8% during trading on Friday . The stock traded as high as $27.95 and last traded at $27.95. Approximately 1,111 shares changed hands during trading, a decline of 17% from the average daily volume of 1,343 shares. The stock had previously closed at $26.4162.

Analysts Set New Price Targets

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

Alps Electric Price Performance

The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.79 billion, a P/E ratio of 15.08, a PEG ratio of 6.79 and a beta of 0.36. The firm’s fifty day moving average price is $27.64 and its 200-day moving average price is $27.17.

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.