ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Down 21.3% in May

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 76,700 shares, a decline of 21.3% from the April 30th total of 97,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 284,300 shares, the days-to-cover ratio is presently 0.3 days.

ASSA ABLOY AB (publ) Stock Down 0.5%

Shares of ASSA ABLOY AB (publ) stock opened at $15.74 on Tuesday. The business’s fifty day moving average price is $14.97 and its two-hundred day moving average price is $15.10. 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 company has a market capitalization of $35.02 billion, a P/E ratio of 25.39, a PEG ratio of 1.65 and a beta of 1.24. ASSA ABLOY AB has a 1-year low of $12.76 and a 1-year high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued 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). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $38.07 billion. As a group, research analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current year.

Analyst Upgrades and Downgrades

ASAZY has been the subject of several analyst reports. Citigroup raised ASSA ABLOY AB (publ) from a “sell” rating to a “neutral” rating in a research report on Monday, April 28th. Pareto Securities downgraded ASSA ABLOY AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 21st.

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.