Assa Abloy (OTCMKTS:ASAZY) Upgraded to “Hold” at Zacks Research

Assa Abloy (OTCMKTS:ASAZY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

ASAZY has been the subject of a number of other reports. Barclays upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Evercore upgraded Assa Abloy to a “hold” rating in a report on Monday, April 13th. Pareto Securities upgraded Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Assa Abloy currently has an average rating of “Moderate Buy”.

Assa Abloy Stock Up 1.7%

Shares of OTCMKTS:ASAZY opened at $17.50 on Wednesday. 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 business has a fifty day moving average of $18.68 and a two-hundred day moving average of $19.28. The stock has a market cap of $38.94 billion, a P/E ratio of 23.03, a PEG ratio of 2.20 and a beta of 1.17. Assa Abloy has a 52-week low of $14.81 and a 52-week high of $21.98.

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