ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Stock Price Passes Below 50 Day Moving Average of $14.26

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 $14.26 and traded as low as $13.31. ASSA ABLOY AB (publ) shares last traded at $13.51, with a volume of 121,011 shares trading hands.

ASSA ABLOY AB (publ) Stock Up 1.7 %

The business has a fifty day moving average of $14.26 and a 200 day moving average of $13.37. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.60 billion. ASSA ABLOY AB (publ) had a return on equity of 15.70% and a net margin of 10.02%. On average, equities research analysts predict that ASSA ABLOY AB will post 0.67 EPS for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a $0.1316 dividend. The ex-dividend date is Thursday, April 25th. This is a boost from ASSA ABLOY AB (publ)’s previous dividend of $0.11. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 25.81%.

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.