ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Decrease in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 29,200 shares, a decrease of 53.7% from the September 30th total of 63,100 shares. Based on an average daily volume of 147,400 shares, the days-to-cover ratio is presently 0.2 days.

ASSA ABLOY AB (publ) Price Performance

OTCMKTS:ASAZY traded down $0.02 during midday trading on Monday, hitting $15.67. 49,100 shares of the stock were exchanged, compared to its average volume of 116,954. The business has a 50-day moving average price of $16.03 and a two-hundred day moving average price of $14.92. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $34.87 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.65 and a beta of 1.11. ASSA ABLOY AB has a one year low of $10.24 and a one year high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. Sell-side analysts predict 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 dividend of $0.1297 per share. The ex-dividend date of this dividend is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is 24.19%.

Analyst Upgrades and Downgrades

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

About ASSA ABLOY AB (publ)

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.