Alps Electric (OTCMKTS:APELY) Sees Significant Growth in Short Interest

Alps Electric (OTCMKTS:APELY) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,744 shares, an increase of 46.9% from the February 12th total of 1,187 shares. Based on an average daily volume of 607 shares, the short-interest ratio is presently 2.9 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 607 shares, the short-interest ratio is presently 2.9 days.

Analyst Ratings Changes

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Alps Electric Stock Down 2.3%

Shares of OTCMKTS:APELY opened at $26.40 on Friday. The firm has a market capitalization of $2.75 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.62 and a beta of 0.34. The business has a 50 day simple moving average of $27.32 and a two-hundred day simple moving average of $26.01. Alps Electric has a 1 year low of $16.21 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.56. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities analysts predict that Alps Electric will post 1.63 EPS for the current year.

Alps Electric Company Profile

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.