ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Share Price Passes Below 50-Day Moving Average – Time to Sell?

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.26 and traded as low as $15.22. ASSA ABLOY AB (publ) shares last traded at $15.38, with a volume of 92,830 shares traded.

ASSA ABLOY AB (publ) Stock Performance

The stock’s fifty day simple moving average is $15.26 and its two-hundred day simple moving average is $15.48. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. 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 issued its earnings results on Wednesday, February 5th. The industrial products company reported $0.18 earnings per share 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 research analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current year.

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.