Alps Electric (OTCMKTS:APELY) Stock Price Down 5.7% – Should You Sell?

Alps Electric (OTCMKTS:APELY) shares were down 5.7% during mid-day trading on Thursday . The company traded as low as $25.2772 and last traded at $25.2772. 224 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,252 shares. The stock had previously closed at $26.8150.

Analyst Ratings Changes

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

Alps Electric Stock Down 5.8%

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 firm has a market capitalization of $2.67 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 8.11 and a beta of 0.37. The business’s 50-day moving average price is $26.63 and its 200-day moving average price is $27.08.

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.