Assa Abloy (OTCMKTS:ASAZY) Upgraded at Zacks Research

Zacks Research upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other research firms have also commented on ASAZY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a research note on Thursday, November 20th. Citigroup raised Assa Abloy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Assa Abloy Trading Up 0.7%

OTCMKTS ASAZY opened at $20.40 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.06. Assa Abloy has a 1 year low of $12.76 and a 1 year high of $20.42. The stock’s 50-day moving average price is $19.21 and its two-hundred day moving average price is $18.14.

Assa Abloy (OTCMKTS:ASAZY) last announced its earnings results on Tuesday, October 21st. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Assa Abloy had a return on equity of 14.24% and a net margin of 9.57%.The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.95 billion. As a group, equities research analysts expect that Assa Abloy will post 0.69 EPS for the current year.

Assa Abloy Company Profile

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.