Alps Electric (OTCMKTS:APELY) Short Interest Down 78.7% in December

Alps Electric (OTCMKTS:APELY) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 248 shares, a decrease of 78.7% from the November 30th total of 1,163 shares. Based on an average trading volume of 23 shares, the short-interest ratio is currently 10.8 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 23 shares, the short-interest ratio is currently 10.8 days.

Alps Electric Price Performance

Shares of OTCMKTS APELY opened at $25.74 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.49. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 0.65 and a beta of 0.33. The stock’s 50-day moving average is $26.00 and its two-hundred day moving average is $23.50. Alps Electric has a 1-year low of $16.21 and a 1-year high of $26.90.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. Analysts forecast that Alps Electric will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Alps Electric from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.