ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Update

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 164,500 shares, a growth of 114.5% from the May 15th total of 76,700 shares. Based on an average daily volume of 1,043,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASAZY. Citigroup upgraded ASSA ABLOY AB (publ) from a “sell” rating to a “neutral” rating in a report on Monday, April 28th. Pareto Securities lowered ASSA ABLOY AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 21st.

ASSA ABLOY AB (publ) Stock Down 1.6%

Shares of ASAZY opened at $15.85 on Monday. ASSA ABLOY AB has a 52-week low of $12.76 and a 52-week high of $17.03. The company has a market capitalization of $35.27 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The stock has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $15.18. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $38.07 billion. As a group, equities analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current year.

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.