Assa Abloy (OTCMKTS:ASAZY) Stock Rating Upgraded by Barclays

Assa Abloy (OTCMKTS:ASAZY) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts also recently commented on ASAZY. Zacks Research downgraded shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a research note on Thursday, November 20th. Finally, Citigroup restated a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Assa Abloy Stock Down 0.7%

OTCMKTS:ASAZY opened at $20.44 on Tuesday. The business’s fifty day moving average price is $20.42 and its 200 day moving average price is $19.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. Assa Abloy has a 1-year low of $12.76 and a 1-year high of $21.98.

Assa Abloy (OTCMKTS:ASAZY) last released its earnings results on Thursday, February 5th. The industrial products company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. As a group, equities research analysts expect that Assa Abloy will post 0.69 EPS for the current fiscal 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.