Assa Abloy (ASAZY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a sell rating to a hold rating in a research note published on Tuesday, December 26th.

According to Zacks, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden. “

Shares of Assa Abloy (OTCMKTS:ASAZY) traded up $0.07 during mid-day trading on Tuesday, reaching $11.11. The company had a trading volume of 80,044 shares, compared to its average volume of 190,674. The stock has a market cap of $23,300.00, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 0.72. Assa Abloy has a one year low of $9.13 and a one year high of $11.49.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results on Friday, October 20th. The industrial products company reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. Assa Abloy had a return on equity of 17.34% and a net margin of 9.50%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.23 billion. equities analysts predict that Assa Abloy will post 0.48 earnings per share for the current year.

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About Assa Abloy

ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings.

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