Alps Electric (OTCMKTS:APELY) Short Interest Update

Alps Electric (OTCMKTS:APELY) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 194 shares, a decrease of 82.8% from the March 31st total of 1,128 shares. Based on an average daily trading volume, of 2,439 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Alps Electric Price Performance

Shares of OTCMKTS:APELY opened at $29.29 on Friday. The company has a 50-day simple moving average of $27.88 and a 200-day simple moving average of $26.74. Alps Electric has a one year low of $18.01 and a one year 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. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.46 and a beta of 0.35.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.56. The firm 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%. On average, analysts predict that Alps Electric will post 1.58 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.