ALPS ELEC LTD/ADR (APELY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of ALPS ELEC LTD/ADR (OTCMKTS:APELY) from a hold rating to a sell rating in a research note released on Thursday morning, 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. “

APELY has been the topic of a number of other reports. ValuEngine upgraded shares of ALPS ELEC LTD/ADR from a sell rating to a hold rating in a research note on Friday, March 15th. Credit Suisse Group upgraded shares of ALPS ELEC LTD/ADR from a neutral rating to an outperform rating in a research note on Thursday, January 24th.

Shares of OTCMKTS:APELY opened at $35.25 on Thursday. ALPS ELEC LTD/ADR has a 1 year low of $35.10 and a 1 year high of $60.36.


Alps Alpine Co, Ltd. manufactures and sells electronic components worldwide. The company offers sensors, switches, encoders, potentiometers, connectors, communication modules, multi control devices, aspherical glass lenses, power inductors, toroidal coils, actuators, reactors, printers, touch input devices, and energy harvesters; mobile media solutions; and logistics services.

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