ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.91 and traded as high as $15.22. ASSA ABLOY AB (publ) shares last traded at $15.00, with a volume of 140,791 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ASAZY. Pareto Securities raised ASSA ABLOY AB (publ) to a "buy" rating in a research note on Wednesday, April 23rd. Citigroup raised ASSA ABLOY AB (publ) from a "sell" rating to a "neutral" rating in a report on Monday, April 28th.

ASSA ABLOY AB (publ) Stock Performance

The company's 50-day moving average price is $14.91 and its two-hundred day moving average price is $15.07. The stock has a market cap of $34.20 billion, a PE ratio of 24.79, a PEG ratio of 1.65 and a beta of 1.24. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $38.07 billion. On average, equities 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 declared 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. This is a positive change from ASSA ABLOY AB (publ)'s previous dividend of $0.13. The ex-dividend date of this dividend is Friday, April 25th. ASSA ABLOY AB (publ)'s dividend payout ratio (DPR) is presently 23.88%.

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.