Zacks Investment Research Downgrades ALPS Elec Ltd/ADR (APELY) to Sell

ALPS Elec Ltd/ADR (OTCMKTS:APELY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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, ValuEngine raised ALPS Elec Ltd/ADR from a “sell” rating to a “hold” rating in a research note on Monday, July 30th.

Shares of ALPS Elec Ltd/ADR stock traded up $1.60 during trading hours on Wednesday, hitting $50.57. The company’s stock had a trading volume of 1,600 shares, compared to its average volume of 3,037. ALPS Elec Ltd/ADR has a twelve month low of $44.09 and a twelve month high of $68.45.

About ALPS Elec Ltd/ADR

Alps Electric Co, Ltd. manufactures and sells electronic components worldwide. The company operates through Electronic Components, Automotive Infotainment, and Logistics segments. It offers sensors, switches, encoders, potentiometers, connectors, communication modules, multi control devices, power inductors, aspherical glass lenses, toroidal coils, touch input devices, actuators, and printers; and car navigation and audio systems, and information and communication devices.

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