ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Large Decrease in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 76,700 shares, a decrease of 21.3% from the April 30th total of 97,400 shares. Based on an average trading volume of 284,300 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company's shares are short sold.

ASSA ABLOY AB (publ) Trading Up 2.2%

ASAZY traded up $0.34 on Thursday, reaching $15.87. 166,684 shares of the company's stock were exchanged, compared to its average volume of 216,887. The company's 50 day moving average is $15.00 and its 200-day moving average is $15.11. The company has a market cap of $35.31 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.65 and a beta of 1.24. ASSA ABLOY AB has a twelve month low of $12.76 and a twelve month high of $17.03. 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 posted its earnings results 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). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $38.07 billion. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Equities analysts predict that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASAZY. Pareto Securities lowered shares of ASSA ABLOY AB (publ) from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st. Citigroup upgraded shares of ASSA ABLOY AB (publ) from a "sell" rating to a "neutral" rating in a report on Monday, April 28th.

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.