Assa Abloy (ASAZY) to Release Earnings on Wednesday

Assa Abloy (OTCMKTS:ASAZY) is projected to post its results before the market opens on Wednesday, February 4th. Analysts expect Assa Abloy to post earnings of $0.22 per share for the quarter.

Assa Abloy Trading Up 2.0%

Shares of Assa Abloy stock opened at $20.54 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.47. Assa Abloy has a 52 week low of $12.76 and a 52 week high of $20.59. The business’s fifty day simple moving average is $19.29 and its 200-day simple moving average is $18.24.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASAZY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research report on Thursday, November 20th. Citigroup upgraded shares of Assa Abloy from a “neutral” rating to a “buy” rating in a report on Thursday, October 23rd. Finally, Zacks Research upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.