Short interest in ASSA ABLOY AB (publ) (OTCMKTS: ASAZY) decreases by 44.4%
ASSA ABLOY AB (publ) (OTCMKTS: ASAZY) was the target of a significant drop in short interest during the month of March. As of March 15, there was short interest totaling 24,300 shares, a decrease of 44.4% from the total of 43,700 shares on February 28. Based on an average trading volume of 136,600 shares, the short interest ratio is currently 0.2 days.
OTCMKTS ASAZY open at $ 14.37 on Mondays. The company has a market cap of $ 30.32 billion, a P / E ratio of 35.05 and a beta of 0.79. The company has a leverage ratio of 0.41, a current ratio of 1.22, and a quick ratio of 0.84. The stock’s 50-day moving average is $ 13.39 and its 200-day moving average is $ 12.40. ASSA ABLOY AB has a one-year minimum of $ 8.30 and a one-year maximum of $ 14.37.
ASSA ABLOY AB (publ) (OTCMKTS: ASAZY) last published its quarterly results on Friday, February 5. The industrials company reported EPS of $ 0.14 for the quarter, beating the Zacks consensus estimate of $ 0.12 by $ 0.02. The company posted revenue of $ 2.71 billion for the quarter. ASSA ABLOY AB (publ) achieved a return on equity of 13.66% and a net margin of 9.35%. Stock analysts predict that ASSA ABLOY AB will post 0.41 EPS for the current year.
The company also recently declared a variable dividend, which will be paid on Thursday, May 20. Shareholders of record on Friday April 30 will receive a dividend of $ 0.077 per share. The ex-dividend date is Thursday April 29. ASSA ABLOY AB (publ) dividend payout ratio is currently 29.17%.
Several equity analysts recently published reports on the company. Exane BNP Paribas reduced ASSA ABLOY AB (publ) from a “neutral” rating to an “underperforming” rating in a report dated Tuesday 1 December. Societe Generale upgraded ASSA ABLOY AB (publ) from a “hold” rating to a “buy” rating in a report dated Monday 8 February. UBS Group reiterated a “buy” note on ASSA ABLOY AB (publ) shares in a report published on Wednesday February 17th. Berenberg Bank reiterated a “hold” note on ASSA ABLOY AB (publ) shares in a report on Tuesday February 9. Finally, JPMorgan Chase & Co. reiterated a “neutral” note on the shares of ASSA ABLOY AB (publ) in a report on Tuesday, March 23. Two research analysts rated the stock with a sell rating, four assigned a sustaining rating, and twelve assigned a buy rating to the company. ASSA ABLOY AB (publ) has an average rating of “Buy” and an average target price of $ 15.00.
About ASSA ABLOY AB (publ)
ASSA ABLOY AB (publ) provides door opening products, solutions and services for the institutional, commercial and residential markets in Europe, the Middle East, Africa, North and South America, Asia and in Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, secure lockers and fire doors. , as well as hardware products.
Feature Article: Limitations of Profit Margin Analysis
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]