Assa Abloy AB (OTCMKTS:ASAZY) Stock Short Interest Report for October

Assa Abloy AB (OTCMKTS:ASAZY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 12,768 shares, a decline of 77.4% from the September 30th total of 56,607 shares. Based on an average daily volume of 375,179 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ASAZY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research note on Thursday, September 17th. Citigroup restated a “buy” rating on shares of Assa Abloy in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Assa Abloy currently has an average rating of “Moderate Buy”.

Assa Abloy Stock Up 0.8%

Assa Abloy stock opened at $19.26 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. Assa Abloy has a 1-year low of $16.82 and a 1-year high of $21.98. The company has a market cap of $42.86 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. The stock’s 50 day moving average price is $17.99 and its 200 day moving average price is $18.67.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%. On average, sell-side analysts predict that Assa Abloy will post 0.84 EPS for the current fiscal year.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.