ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Growth in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 51,900 shares, a growth of 171.7% from the April 30th total of 19,100 shares. Based on an average trading volume of 174,800 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of ASSA ABLOY AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $266.40.

ASSA ABLOY AB (publ) Stock Up 1.9 %

OTCMKTS ASAZY traded up $0.22 during mid-day trading on Friday, hitting $11.36. The company’s stock had a trading volume of 82,624 shares, compared to its average volume of 109,278. The company’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $11.60. ASSA ABLOY AB has a twelve month low of $8.69 and a twelve month high of $12.78. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $25.27 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.03 and a beta of 0.99.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter. ASSA ABLOY AB (publ) had a net margin of 11.15% and a return on equity of 16.53%. The business had revenue of $3.10 billion during the quarter. Analysts anticipate that ASSA ABLOY AB will post 0.63 earnings per share for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, April 28th were paid a $0.0759 dividend. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.06. The ex-dividend date was Thursday, April 27th. This represents a dividend yield of 1.22%. ASSA ABLOY AB (publ)’s dividend payout ratio is presently 26.23%.

About ASSA ABLOY AB (publ)

(Get Rating)

Assa Abloy AB engages in the provision of intelligent lock and security solutions. It operates through the following divisions: Europe, Middle East and Africa (EMEA), Americas, Asia Pacific, Global Technologies, and Entrance Systems. The regional divisions, namely EMEA, Americas, and Asia Pacific manufacture and sell mechanical and electromechanical locks, digital door locks and smart home access solutions, high-security doors, fire doors and hardware adapted to the local market’s standards and security requirements.

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