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

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

Analyst Upgrades and Downgrades

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

ASSA ABLOY AB (publ) Stock Up 0.7 %

ASSA ABLOY AB (publ) stock traded up $0.11 during mid-day trading on Friday, reaching $14.92. The stock had a trading volume of 96,607 shares, compared to its average volume of 116,685. The firm has a market capitalization of $33.20 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. ASSA ABLOY AB has a fifty-two week low of $12.15 and a fifty-two week high of $17.03. The stock’s 50-day simple moving average is $15.98 and its 200-day simple moving average is $15.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.13.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its quarterly earnings data 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 business 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, sell-side analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

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

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.