Assa Abloy (OTCMKTS:ASAZY) Upgraded at Barclays

Barclays upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a strong sell rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

ASAZY has been the topic of a number of other reports. Pareto Securities lowered shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 21st. Citigroup upgraded shares of Assa Abloy from a “sell” rating to a “neutral” rating in a report on Monday, April 28th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Assa Abloy has an average rating of “Hold”.

Assa Abloy Trading Up 2.7%

ASAZY stock opened at $17.87 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. Assa Abloy has a fifty-two week low of $12.76 and a fifty-two week high of $17.99. The business’s 50 day moving average price is $16.32 and its two-hundred day moving average price is $15.62.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings results on Thursday, July 17th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Assa Abloy had a net margin of 9.48% and a return on equity of 14.16%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $38.05 billion. Sell-side analysts forecast that Assa Abloy will post 0.69 EPS for the current year.

About Assa Abloy

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.