ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of 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 $15.10 and traded as low as $13.45. ASSA ABLOY AB (publ) shares last traded at $13.78, with a volume of 337,229 shares.

ASSA ABLOY AB (publ) Stock Down 2.8 %

The company’s 50 day moving average is $15.10 and its 200 day moving average is $15.27. The company has a market cap of $30.66 billion, a PE ratio of 22.23, a P/E/G ratio of 1.65 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. As a group, 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 company also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be issued a $0.1387 dividend. This is a boost from ASSA ABLOY AB (publ)’s previous dividend of $0.13. The ex-dividend date is Friday, April 25th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 23.88%.

About ASSA ABLOY AB (publ)

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.