Alps Electric Co Ltd (NASDAQ:APELY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday.

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 (NASDAQ:APELY) remained flat at $50.16 during mid-day trading on Tuesday. The firm has a market cap of $4.91 billion and a P/E ratio of 15.60. Alps Electric Co has a 12 month low of $30.72 and a 12 month high of $64.77. The company’s 50 day moving average is $46.71 and its 200-day moving average is $40.74.

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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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