Alps Electric (OTCMKTS:APELY) Stock Price Down 15.9% – What’s Next?

Alps Electric (OTCMKTS:APELY) was down 15.9% during trading on Tuesday. The stock traded as low as $23.72 and last traded at $23.72. Approximately 1,084 shares were traded during mid-day trading, a decline of 45% from the average session volume of 1,981 shares. The stock had previously closed at $28.19.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Alps Electric Trading Up 3.5%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.44 and a beta of 0.50. The company’s 50 day simple moving average is $27.98 and its two-hundred day simple moving average is $27.26.

About Alps Electric

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.