ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Update

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 40,400 shares, a growth of 38.4% from the October 15th total of 29,200 shares. Based on an average daily volume of 153,000 shares, the short-interest ratio is currently 0.3 days.

ASSA ABLOY AB (publ) Trading Down 1.2 %

Shares of ASAZY opened at $14.74 on Friday. The stock has a market capitalization of $32.80 billion, a P/E ratio of 22.33, a PEG ratio of 1.65 and a beta of 1.12. ASSA ABLOY AB has a twelve month low of $12.18 and a twelve month high of $17.03. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $15.06.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The firm had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. On average, research analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a $0.1297 dividend. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 22.73%.

Analyst Upgrades and Downgrades

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a research note on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.