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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) crossed 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 changing hands.

ASSA ABLOY AB (publ) Stock Up 1.7 %

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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. ASSA ABLOY AB (publ) had a return on equity of 15.70% and a net margin of 10.02%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Sell-side 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 dividend of $0.1316 per share. This is an increase from ASSA ABLOY AB (publ)’s previous dividend of $0.11. The ex-dividend date is Thursday, April 25th. ASSA ABLOY AB (publ)’s dividend payout ratio is 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.