ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Large Drop in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 5,700 shares, a decline of 75.3% from the March 31st total of 23,100 shares. Based on an average trading volume of 185,700 shares, the short-interest ratio is presently 0.0 days.

ASSA ABLOY AB (publ) Price Performance

Shares of ASSA ABLOY AB (publ) stock traded up $0.18 during trading on Friday, reaching $13.64. 534,253 shares of the company traded hands, compared to its average volume of 138,632. ASSA ABLOY AB has a 1-year low of $10.17 and a 1-year high of $15.09. The company has a 50 day moving average price of $14.30 and a 200-day moving average price of $13.29. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.70%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.60 billion. On average, analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be paid a $0.1316 dividend. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.11. The ex-dividend date of this dividend is Thursday, April 25th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is 20.97%.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.