Assa Abloy (OTCMKTS:ASAZY) Reaches New 1-Year High – Still a Buy?

Assa Abloy AB (OTCMKTS:ASAZY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.7850 and last traded at $19.7850, with a volume of 6533 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

ASAZY has been the subject of a number of research analyst reports. Citigroup raised Assa Abloy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research note on Thursday, November 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Assa Abloy presently has a consensus rating of “Hold”.

Assa Abloy Trading Down 0.5%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 0.66. The stock has a fifty day moving average price of $18.93 and a 200-day moving average price of $17.66.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Assa Abloy had a net margin of 9.57% and a return on equity of 14.24%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.95 billion. On average, equities research analysts forecast that Assa Abloy AB will post 0.69 EPS for the current year.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.