ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Shares of ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.11 and traded as high as $16.87. ASSA ABLOY AB (publ) shares last traded at $16.85, with a volume of 120,711 shares traded.

ASSA ABLOY AB (publ) Stock Performance

The company has a 50-day simple moving average of $15.11 and a two-hundred day simple moving average of $15.47. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market cap of $37.49 billion, a PE ratio of 27.18, a PEG ratio of 1.65 and a beta of 1.14.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

ASSA ABLOY AB (publ) Company Profile

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.