ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02), Zacks reports. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%.

ASSA ABLOY AB (publ) Stock Up 2.0 %

ASAZY traded up $0.30 during midday trading on Wednesday, reaching $15.13. 91,821 shares of the company were exchanged, compared to its average volume of 145,206. ASSA ABLOY AB has a one year low of $13.18 and a one year high of $17.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.13. The company’s fifty day moving average price is $15.02 and its 200 day moving average price is $15.35. The company has a market cap of $33.67 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

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.