Assa Abloy (OTCMKTS:ASAZY) Stock Passes Above 50-Day Moving Average – Time to Sell?

Assa Abloy AB (OTCMKTS:ASAZY)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.18 and traded as high as $19.3999. Assa Abloy shares last traded at $19.29, with a volume of 115,858 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ASAZY shares. Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Evercore upgraded Assa Abloy to a “hold” rating in a research note on Monday, April 13th. Barclays upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Zacks Research cut Assa Abloy from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Citigroup restated a “buy” rating on shares of Assa Abloy in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Assa Abloy Stock Performance

The company has a 50-day moving average of $19.18 and a 200 day moving average of $19.44. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $42.92 billion, a PE ratio of 25.38, a PEG ratio of 2.47 and a beta of 1.20.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Equities research analysts predict that Assa Abloy AB will post 0.86 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.