Alps Electric (OTCMKTS:APELY) Short Interest Update

Alps Electric (OTCMKTS:APELY) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 41 shares, a drop of 75.7% from the July 15th total of 169 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 668 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Alps Electric from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Alps Electric Price Performance

Alps Electric stock opened at $27.59 on Thursday. The company’s 50 day simple moving average is $26.19 and its 200-day simple moving average is $27.06. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 7.12 and a beta of 0.37. Alps Electric has a 1 year low of $22.89 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 2.08.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). Alps Electric had a return on equity of 7.19% and a net margin of 2.64%.The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. As a group, equities research analysts expect that Alps Electric will post 1.61 earnings per share 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.