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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.10 and traded as low as $13.45. ASSA ABLOY AB (publ) shares last traded at $13.78, with a volume of 337,229 shares.

ASSA ABLOY AB (publ) Price Performance

The company has a 50 day moving average price of $15.04 and a 200-day moving average price of $15.22. 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 company has a market cap of $31.75 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.65 and a beta of 1.09.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.18 EPS for the quarter, missing analysts' consensus estimates 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 predict that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be given a dividend of $0.1387 per share. This is an increase from ASSA ABLOY AB (publ)'s previous dividend of $0.13. The ex-dividend date of this dividend is Friday, April 25th. ASSA ABLOY AB (publ)'s dividend payout ratio (DPR) is 23.88%.

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.