Alps Electric (OTCMKTS:APELY) Short Interest Up 46.9% in February

Alps Electric (OTCMKTS:APELY) saw a large 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 trading volume, of 607 shares, the days-to-cover ratio is currently 2.9 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 607 shares, the days-to-cover ratio is currently 2.9 days.

Alps Electric Stock Performance

OTCMKTS APELY opened at $26.40 on Monday. The stock has a 50-day simple moving average of $27.32 and a two-hundred day simple moving average of $26.03. The firm has a market capitalization of $2.75 billion, a P/E ratio of 7.86, a PEG ratio of 0.62 and a beta of 0.34. Alps Electric has a fifty-two week low of $16.21 and a fifty-two week high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 5.32% and a net margin of 5.06%. On average, equities analysts forecast that Alps Electric will post 1.63 earnings per share for the current year.

Analyst Ratings Changes

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

About Alps Electric

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.