Alps Electric (OTCMKTS:APELY) Sees Large Increase in Short Interest

Alps Electric (OTCMKTS:APELY) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 712 shares, a growth of 47.7% from the January 15th total of 482 shares. Based on an average daily volume of 4,879 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,879 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alps Electric currently has a consensus rating of “Moderate Buy”.

Alps Electric Price Performance

Shares of OTCMKTS:APELY opened at $27.42 on Friday. The company has a market capitalization of $2.85 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 0.63 and a beta of 0.35. The company’s 50-day moving average is $26.55 and its 200 day moving average is $25.18. 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 has a fifty-two week low of $16.21 and a fifty-two week high of $29.00.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.18 by $0.56. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a net margin of 5.06% and a return on equity of 5.32%. On average, equities research analysts forecast that Alps Electric will post 1.63 earnings per share for the current year.

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.