Assa Abloy (OTCMKTS:ASAZY) Hits New 12-Month High – What’s Next?

Shares of Assa Abloy AB (OTCMKTS:ASAZY) reached a new 52-week high on Saturday . The stock traded as high as $20.42 and last traded at $20.40, with a volume of 205688 shares traded. The stock had previously closed at $20.26.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASAZY. Citigroup raised shares of Assa Abloy from a “neutral” rating to a “buy” rating in a report on Thursday, October 23rd. Zacks Research raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Assa Abloy Stock Performance

The company has a market cap of $45.39 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21. The company’s fifty day moving average is $19.21 and its 200 day moving average is $18.14. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share 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 business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.95 billion. As a group, equities analysts predict that Assa Abloy AB will post 0.69 earnings per share 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.