ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Update

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 40,400 shares, a growth of 38.4% from the October 15th total of 29,200 shares. Based on an average trading volume of 153,000 shares, the short-interest ratio is currently 0.3 days.

ASSA ABLOY AB (publ) Trading Down 1.2 %

Shares of ASAZY opened at $14.74 on Friday. ASSA ABLOY AB has a 1-year low of $12.18 and a 1-year high of $17.03. The company has a market capitalization of $32.80 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The firm’s 50 day simple moving average is $15.98 and its 200 day simple moving average is $15.06.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. Sell-side analysts forecast that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a $0.1297 dividend. The ex-dividend date of this dividend is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 22.73%.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded ASSA ABLOY AB (publ) to a “strong sell” rating in a research note on Thursday, September 5th.

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.