Zacks Investment Research Upgrades ALPS ELEC LTD/ADR (OTCMKTS:APELY) to Hold

ALPS ELEC LTD/ADR (OTCMKTS:APELY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, 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, ValuEngine downgraded shares of ALPS ELEC LTD/ADR from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th.

Shares of APELY opened at $47.19 on Tuesday. ALPS ELEC LTD/ADR has a 1-year low of $32.06 and a 1-year high of $48.25. The company’s fifty day moving average price is $43.52 and its 200-day moving average price is $37.33.

ALPS ELEC LTD/ADR Company Profile

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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