Assa Abloy AB (OTCMKTS:ASAZY) Short Interest Update

Assa Abloy AB (OTCMKTS:ASAZY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 54,544 shares, a drop of 45.2% from the August 15th total of 99,571 shares. Based on an average daily volume of 244,201 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Assa Abloy Stock Down 0.7%

Assa Abloy stock opened at $17.39 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 1.01. Assa Abloy has a 52-week low of $16.71 and a 52-week high of $21.98. The firm has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $18.35. The firm has a market cap of $38.70 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.04 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ASAZY shares. Royal Bank Of Canada initiated coverage on Assa Abloy in a research note on Tuesday, June 16th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a report on Monday, July 20th. Finally, Barclays restated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. One research 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 stock. According to data from MarketBeat.com, Assa Abloy presently has a consensus rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and technologies designed to secure, control and automate entry to buildings, facilities and other protected spaces.

Its offerings include mechanical and electromechanical locks, digital and mobile access systems, identification and security technologies, door hardware, entrance automation and security doors. Assa Abloy serves residential, commercial, institutional, hospitality, healthcare and industrial customers through a portfolio of regional and international brands, including ASSA, ABLOY, Yale and HID.

The company was formed in 1994 through the merger of Swedish lock manufacturer ASSA AB and Finnish lock manufacturer Abloy Oy.