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

Alps Electric (OTCMKTS:APELY) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,102 shares, a decrease of 36.8% from the February 26th total of 1,744 shares. Based on an average daily volume of 2,333 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Alps Electric Stock Performance

Shares of Alps Electric stock opened at $27.65 on Friday. The stock has a market capitalization of $2.88 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.65 and a beta of 0.34. Alps Electric has a 52 week low of $16.21 and a 52 week high of $32.15. The stock has a 50 day moving average price of $27.27 and a two-hundred day moving average price of $26.25. 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 (OTCMKTS:APELY) last issued 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 company 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%. As a group, equities analysts anticipate that Alps Electric will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

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.