Assa Abloy AB (OTCMKTS:ASAZY) Short Interest Update
by Michael Walen · The Markets DailyAssa Abloy AB (OTCMKTS:ASAZY – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 56,115 shares, a drop of 58.0% from the July 15th total of 133,512 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 650,627 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ASAZY. Barclays reiterated an “overweight” rating on shares of Assa Abloy in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a report on Monday, July 20th. Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada initiated coverage on shares of Assa Abloy in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
View Our Latest Research Report on ASAZY
Assa Abloy Price Performance
ASAZY stock opened at $18.70 on Monday. The firm has a 50 day moving average of $17.87 and a 200-day moving average of $18.82. The company has a market cap of $41.61 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.18 and a beta of 1.16. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. Assa Abloy has a 12-month low of $16.71 and a 12-month high of $21.98.
Assa Abloy (OTCMKTS:ASAZY – Get Free Report) last released its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%. As a group, equities analysts expect that Assa Abloy will post 0.84 EPS for the current fiscal year.
Assa Abloy Company Profile
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.