ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Stock Price Passes Below 50 Day Moving Average of $14.27

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.27 and traded as low as $13.80. ASSA ABLOY AB (publ) shares last traded at $13.80, with a volume of 77,612 shares traded.

ASSA ABLOY AB (publ) Stock Performance

The business has a 50 day simple moving average of $14.27 and a two-hundred day simple moving average of $13.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.68.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.60 billion. ASSA ABLOY AB (publ) had a net margin of 10.39% and a return on equity of 16.10%. Sell-side analysts predict that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.1316 per share. The ex-dividend date is Thursday, April 25th. This is an increase from ASSA ABLOY AB (publ)’s previous dividend of $0.11. ASSA ABLOY AB (publ)’s payout ratio is currently 20.64%.

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.