Assa Abloy AB (OTCMKTS:ASAZY) Sees Large Growth in Short Interest

Assa Abloy AB (OTCMKTS:ASAZY – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 56,607 shares, a growth of 116.0% from the September 15th total of 26,206 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 488,053 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ASAZY shares. Royal Bank Of Canada initiated coverage on shares of Assa Abloy in a research report on Tuesday, June 16th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on Assa Abloy

Assa Abloy Stock Up 1.5%

ASAZY stock opened at $17.53 on Wednesday. Assa Abloy has a fifty-two week low of $16.82 and a fifty-two week high of $21.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. The stock has a market capitalization of $39.01 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.02 and a beta of 1.15. The business’s fifty day moving average price is $18.11 and its two-hundred day moving average price is $18.18.

Assa Abloy (OTCMKTS:ASAZY – Get Free Report) last announced its earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.09 billion. On average, equities analysts anticipate that Assa Abloy will post 0.84 earnings per share for the current year.

Assa Abloy Company Profile

(Get Free Report)

ASSA ABLOY AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and technologies designed to secure, manage and automate access to buildings, facilities and other environments.

Its product portfolio includes mechanical and electronic locks, access-control systems, identification and security technologies, entrance automation equipment, security doors and related software and services. ASSA ABLOY serves residential, commercial, institutional and industrial customers, as well as hospitality, healthcare and other specialized markets.

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

Further Reading

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