Short Interest in Alps Electric (OTCMKTS:APELY) Rises By 66.7%

Alps Electric (OTCMKTS:APELY) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,187 shares, a growth of 66.7% from the January 29th total of 712 shares. Based on an average daily trading volume, of 2,305 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,305 shares, the short-interest ratio is currently 0.5 days.

Alps Electric Stock Performance

OTCMKTS:APELY remained flat at $28.61 during trading hours on Friday. 352 shares of the company’s stock were exchanged, compared to its average volume of 919. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.68 and a beta of 0.35. Alps Electric has a 52 week low of $16.21 and a 52 week high of $32.15. The stock has a fifty day moving average of $27.09 and a 200-day moving average of $25.72.

Alps Electric (OTCMKTS:APELY) last released its earnings results on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. As a group, research analysts anticipate that Alps Electric will post 1.63 EPS for the current year.

Wall Street Analyst Weigh In

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

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.