Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Declines By 46.9%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 23,100 shares, a decline of 46.9% from the March 15th total of 43,500 shares. Based on an average daily volume of 187,400 shares, the days-to-cover ratio is currently 0.1 days.

ASSA ABLOY AB (publ) Stock Up 0.9 %

ASAZY stock traded up $0.13 during midday trading on Thursday, reaching $14.34. 86,639 shares of the company's stock traded hands, compared to its average volume of 135,951. The company has a market cap of $31.91 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.50 and a beta of 1.14. The firm's fifty day moving average price is $14.22 and its 200-day moving average price is $13.06. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. ASSA ABLOY AB has a 52 week low of $10.17 and a 52 week high of $15.09.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.60 billion. ASSA ABLOY AB (publ) had a net margin of 10.39% and a return on equity of 16.10%. As a group, sell-side analysts forecast that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.1316 per share. The ex-dividend date is Thursday, April 25th. This is a positive change from ASSA ABLOY AB (publ)'s previous dividend of $0.11. ASSA ABLOY AB (publ)'s payout ratio is 23.81%.

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.