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 the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 23 shares, the days-to-cover ratio is currently 10.8 days. Based on an average daily volume of 23 shares, the days-to-cover ratio is currently 10.8 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Alps Electric Price Performance

Shares of OTCMKTS APELY opened at $25.74 on Thursday. 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 stock has a market capitalization of $2.68 billion, a PE ratio of 7.97, a P/E/G ratio of 0.65 and a beta of 0.33. Alps Electric has a one year low of $16.21 and a one year high of $26.90. The business’s fifty day moving average price is $25.98 and its 200-day moving average price is $23.49.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.83. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%. On average, equities research analysts anticipate that Alps Electric will post 1.63 EPS 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.