ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Stock Price Passes Below Fifty Day Moving Average of $14.27

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.27 and traded as low as $13.80. ASSA ABLOY AB (publ) shares last traded at $13.80, with a volume of 77,612 shares changing hands.

ASSA ABLOY AB (publ) Price Performance

The business has a 50-day simple moving average of $14.27 and a 200 day simple moving average of $13.18. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.54.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its 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 company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.60 billion. ASSA ABLOY AB (publ) had a return on equity of 16.10% and a net margin of 10.39%. Equities research analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a $0.1316 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 20.64%.

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.