Short Interest in Alps Electric (OTCMKTS:APELY) Drops By 36.8%

Alps Electric (OTCMKTS:APELY) was the recipient of a significant 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 trading volume of 2,333 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Alps Electric Stock Performance

APELY stock remained flat at $27.65 during midday trading on Friday. The company had a trading volume of 188 shares, compared to its average volume of 878. The firm has a market cap of $2.88 billion, a PE ratio of 8.23, a PEG ratio of 0.65 and a beta of 0.34. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $27.27 and a two-hundred day simple moving average of $26.24. Alps Electric has a one year low of $16.21 and a one year high of $32.15.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations 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 predict that Alps Electric will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alps Electric currently has a consensus 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.