ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.37 and traded as low as $14.84. ASSA ABLOY AB (publ) shares last traded at $14.91, with a volume of 119,120 shares changing hands.

ASSA ABLOY AB (publ) Stock Up 0.6 %

The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. 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 business’s 50-day moving average is $15.37 and its two-hundred day moving average is $15.44.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. Equities analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a dividend of $0.1387 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from ASSA ABLOY AB (publ)’s previous dividend of $0.13. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is currently 23.88%.

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.