Assa Abloy AB (OTCMKTS:ASAZY) Short Interest Update

Assa Abloy AB (OTCMKTS:ASAZY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 31,857 shares, an increase of 308.9% from the June 15th total of 7,790 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,845,843 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

A number of brokerages have issued reports on ASAZY. Evercore raised shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th. Royal Bank Of Canada started coverage on Assa Abloy in a report on Tuesday, June 16th. They set an “outperform” rating on the stock. Zacks Research upgraded Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Pareto Securities raised Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Assa Abloy has an average rating of “Moderate Buy”.

Assa Abloy Stock Performance

OTCMKTS ASAZY opened at $17.31 on Friday. The company’s 50 day simple moving average is $17.85 and its two-hundred day simple moving average is $19.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. Assa Abloy has a 1 year low of $15.39 and a 1 year high of $21.98. The stock has a market capitalization of $38.52 billion, a PE ratio of 22.78, a P/E/G ratio of 2.25 and a beta of 1.17.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share 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 firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.88 billion. Analysts predict that Assa Abloy will post 0.84 earnings per share for the current fiscal 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.