Assa Abloy AB (OTCMKTS:ASAZY) Short Interest Update

Assa Abloy AB (OTCMKTS:ASAZY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 21,794 shares, a decrease of 81.7% from the April 30th total of 118,900 shares. Based on an average daily trading volume, of 371,357 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ASAZY. Barclays raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Citigroup reissued a “buy” rating on shares of Assa Abloy in a research note on Friday, February 6th. Evercore raised shares of Assa Abloy to a “hold” rating in a research note on Monday, April 13th. Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Zacks Research downgraded shares of Assa Abloy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Assa Abloy has a consensus rating of “Moderate Buy”.

Assa Abloy Price Performance

Assa Abloy stock opened at $17.88 on Friday. Assa Abloy has a 52-week low of $14.81 and a 52-week high of $21.98. The firm has a fifty day moving average of $18.71 and a 200-day moving average of $19.35. The firm has a market capitalization of $39.79 billion, a P/E ratio of 23.53, a PEG ratio of 2.26 and a beta of 1.20. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.88 billion. As a group, analysts predict that Assa Abloy will post 0.86 EPS for the current year.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.