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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a significant growth in short interest during 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 days-to-cover ratio is presently 0.3 days.

ASSA ABLOY AB (publ) Trading Down 0.6 %

Shares of OTCMKTS:ASAZY opened at $14.81 on Thursday. ASSA ABLOY AB has a one year low of $11.72 and a one year high of $17.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The company’s 50-day moving average price is $15.99 and its two-hundred day moving average price is $15.06. The stock has a market capitalization of $32.95 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

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

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently announced 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 payout ratio is 22.73%.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of ASSA ABLOY AB (publ) to a “strong sell” rating in a research report 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.