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

Alps Electric (OTCMKTS:APELY) was the recipient of a significant increase in short interest in the month of 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. Based on an average daily volume of 2,305 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,305 shares, the days-to-cover ratio is currently 0.5 days.

Alps Electric Price Performance

APELY opened at $28.61 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The business has a 50 day simple moving average of $27.09 and a 200-day simple moving average of $25.69. The stock has a market capitalization of $2.98 billion, a P/E ratio of 8.51, a P/E/G ratio of 0.68 and a beta of 0.35. Alps Electric has a 12 month low of $16.21 and a 12 month high of $32.15.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data 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 firm 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, equities analysts anticipate that Alps Electric will post 1.63 earnings per share 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 note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Alps Electric presently has an average 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.