Alps Electric (OTCMKTS:APELY) Reaches New 1-Year Low – Here’s Why

Alps Electric (OTCMKTS:APELY)’s stock price reached a new 52-week low during trading on Friday. The company traded as low as $22.42 and last traded at $23.0455, with a volume of 513 shares changing hands. The stock had previously closed at $23.18.

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. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Alps Electric Stock Performance

The company has a market cap of $2.39 billion, a PE ratio of 21.07, a P/E/G ratio of 1.40 and a beta of 0.50. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $27.91 and a 200-day moving average of $27.25.

Alps Electric Company Profile

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.