Alps Electric (OTCMKTS:APELY) Sees Significant Growth in Short Interest

Alps Electric (OTCMKTS:APELY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 81 shares, an increase of 97.6% from the July 30th total of 41 shares. Based on an average trading volume of 391 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research lowered Alps Electric from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Alps Electric Trading Down 4.8%

APELY stock opened at $26.40 on Tuesday. Alps Electric has a 52 week low of $23.65 and a 52 week high of $32.15. The company has a market capitalization of $2.75 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 7.44 and a beta of 0.37. The company’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $27.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95.

Alps Electric (OTCMKTS:APELY) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. As a group, sell-side analysts anticipate that Alps Electric will post 1.61 earnings per share for the current year.

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.