Alps Electric (OTCMKTS:APELY) Short Interest Up 66.7% in February

Alps Electric (OTCMKTS:APELY) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,187 shares, an increase 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 presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,305 shares, the short-interest ratio is presently 0.5 days.

Alps Electric Price Performance

Shares of OTCMKTS APELY opened at $28.61 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $27.09 and its 200 day moving average price is $25.69. Alps Electric has a 52 week low of $16.21 and a 52 week high of $32.15. The stock 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 (OTCMKTS:APELY) last announced its earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. The company 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 forecast that Alps Electric will post 1.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alps Electric presently has an average 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.