Short Interest in Alps Electric (OTCMKTS:APELY) Rises By 46.9%

Alps Electric (OTCMKTS:APELY) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,744 shares, an increase of 46.9% from the February 12th total of 1,187 shares. Based on an average daily trading volume, of 607 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 607 shares, the days-to-cover ratio is currently 2.9 days.

Alps Electric Price Performance

OTCMKTS:APELY opened at $26.40 on Friday. Alps Electric has a 52-week low of $16.21 and a 52-week high of $32.15. The stock has a fifty day moving average of $27.32 and a 200 day moving average of $25.99. 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 firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.64 and a beta of 0.34.

Alps Electric (OTCMKTS:APELY) last announced its earnings results on Friday, January 30th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 5.32% and a net margin of 5.06%. On average, research analysts expect that Alps Electric will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report 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. According to data from MarketBeat.com, the company currently has a consensus 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.