Alps Electric Co Ltd (NASDAQ:APELY) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm currently has a $74.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 14.29% from the company’s previous close.
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. “
Alps Electric Co (APELY) traded up $0.39 during midday trading on Tuesday, reaching $64.75. 904 shares of the company’s stock traded hands, compared to its average volume of 1,440. Alps Electric Co has a one year low of $47.61 and a one year high of $65.20.
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About Alps Electric Co
Alps Electric Co, Ltd. develops, manufactures and markets approximately 40,000 types of electronic components. The Company’s segments include Electronic components, Automotive Infotainment and Logistics. The Electronic components business involves the development, manufacturing and marketing of a range of electronic components.
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