Assa Abloy (OTCMKTS:ASAZY) Issues Quarterly Earnings Results

Assa Abloy (OTCMKTS:ASAZY) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. Assa Abloy had a return on equity of 14.24% and a net margin of 9.57%.

Assa Abloy Stock Performance

ASAZY stock traded up $0.27 during mid-day trading on Thursday, hitting $21.40. The stock had a trading volume of 43,092 shares, compared to its average volume of 216,916. The firm has a fifty day simple moving average of $19.56 and a 200 day simple moving average of $18.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 0.66. Assa Abloy has a 52 week low of $12.76 and a 52 week high of $21.40.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Citigroup upgraded shares of Assa Abloy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.