Alps Alpine (OTCMKTS:APELY) Downgraded to Sell at Zacks Investment Research

Alps Alpine (OTCMKTS:APELYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “ALPS ELECTRIC CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of electronic components and audio equipment. The Company operates in three business segments. The Electronic Component segment offers switches, adjustable resistors, hard disk drive (HDD) heads, tuners, data communication modules, printers, amusement machines, car control units and steering modules, among others. The Audio segment provides car audio equipment and navigation systems. The Logistic segment provides delivery and storage services and packaging materials, as well as system development service, office service, manpower dispatching service and financial management services. The Company has 86 subsidiaries and right associated companies. “

Separately, CLSA lowered Alps Alpine from an “underperform” rating to a “sell” rating in a research note on Wednesday, February 16th.

APELY remained flat at $$19.25 during midday trading on Monday. The company’s stock had a trading volume of 367 shares, compared to its average volume of 3,530. The stock has a market capitalization of $1.97 billion, a P/E ratio of 28.31 and a beta of 1.19. Alps Alpine has a 1-year low of $17.39 and a 1-year high of $25.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.97. The company’s 50-day moving average is $19.89 and its two-hundred day moving average is $19.83.

Alps Alpine Company Profile (Get Rating)

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through three segments: Electronic Components, Automotive Infotainment, and Logistics. The Electronic Components segment develops, manufactures, and markets electronic components. The Automotive Infotainment segment develops, manufactures, and markets audio, information, and communication equipment.

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