Assa Abloy AB (OTCMKTS:ASAZY – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 133,512 shares, an increase of 319.1% from the June 30th total of 31,857 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,341,690 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Barclays restated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Evercore upgraded Assa Abloy to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada began coverage on shares of Assa Abloy in a report on Tuesday, June 16th. They set 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. Finally, Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Assa Abloy has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Assa Abloy
Assa Abloy Stock Performance
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 for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Assa Abloy had a return on equity of 15.86% and a net margin of 10.82%. On average, equities research analysts anticipate that Assa Abloy will post 0.84 EPS for the current year.
About Assa Abloy
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.
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