Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Decreases By 58.0%

Assa Abloy AB (OTCMKTS:ASAZY) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 56,115 shares, a decrease of 58.0% from the July 15th total of 133,512 shares. Based on an average trading volume of 650,627 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Assa Abloy Trading Down 0.7%

Shares of Assa Abloy stock opened at $18.70 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. Assa Abloy has a 12-month low of $16.71 and a 12-month high of $21.98. The firm has a market capitalization of $41.61 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.18 and a beta of 1.16. The firm’s 50 day simple moving average is $17.87 and its two-hundred day simple moving average is $18.83.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Analysts predict that Assa Abloy will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASAZY. Royal Bank Of Canada assumed coverage on Assa Abloy in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Barclays restated an “overweight” rating on shares of Assa Abloy in a research note on Monday, June 15th. Zacks Research upgraded Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Assa Abloy has a consensus rating of “Moderate Buy”.

Assa Abloy Company Profile

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.