ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Down 30.2% in November

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 7,400 shares, a drop of 30.2% from the November 15th total of 10,600 shares. Based on an average daily volume of 205,700 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of ASSA ABLOY AB (publ) to a “strong sell” rating in a research report on Thursday, September 5th.

ASSA ABLOY AB (publ) Stock Performance

ASAZY stock opened at $15.50 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market cap of $34.49 billion, a PE ratio of 23.48, a P/E/G ratio of 1.65 and a beta of 1.10. The business has a 50 day moving average of $15.53 and a 200-day moving average of $15.22. ASSA ABLOY AB has a 12-month low of $13.18 and a 12-month high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The firm had revenue of $3.59 billion during the quarter. As a group, sell-side analysts expect that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.1297 per share. The ex-dividend date of this dividend was Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio is presently 21.21%.

ASSA ABLOY AB (publ) Company Profile

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.