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

Alps Electric (OTCMKTS:APELY) was the target of a large 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,305 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 2,305 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Alps Electric Price Performance

APELY stock opened at $28.61 on Monday. The stock’s 50 day moving average price is $27.09 and its 200 day moving average price is $25.74. The firm has a market cap of $2.98 billion, a P/E ratio of 8.51, a PEG ratio of 0.68 and a beta of 0.34. 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 1 year low of $16.21 and a 1 year high of $32.15.

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 for the quarter, compared to the consensus estimate of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. On average, sell-side analysts expect that Alps Electric will post 1.63 earnings per share for the current fiscal 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.