Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Decreases By 25.1%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 40,300 shares, a decline of 25.1% from the March 31st total of 53,800 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 843,100 shares, the short-interest ratio is presently 0.0 days.

ASSA ABLOY AB (publ) Stock Up 2.5 %

Shares of ASAZY traded up $0.38 during midday trading on Tuesday, reaching $15.86. 170,004 shares of the stock were exchanged, compared to its average volume of 177,495. The company has a market cap of $35.29 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.65 and a beta of 1.24. The firm has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $15.07. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. ASSA ABLOY AB has a 12-month low of $12.76 and a 12-month high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $38.07 billion. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Research analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Increases Dividend

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

Wall Street Analyst Weigh In

ASAZY has been the topic of a number of recent research reports. Citigroup upgraded shares of ASSA ABLOY AB (publ) from a "sell" rating to a "neutral" rating in a research report on Monday, April 28th. Pareto Securities upgraded shares of ASSA ABLOY AB (publ) to a "buy" rating in a research note on Wednesday, April 23rd.

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.