Assa Abloy (OTCMKTS:ASAZY) Sets New 52-Week High – Still a Buy?

Shares of Assa Abloy AB (OTCMKTS:ASAZY) hit a new 52-week high during trading on Wednesday . The company traded as high as $19.50 and last traded at $19.34, with a volume of 82103 shares trading hands. The stock had previously closed at $19.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a report on Thursday, November 20th. Citigroup raised Assa Abloy from a “neutral” rating to a “buy” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Assa Abloy presently has a consensus rating of “Hold”.

Assa Abloy Stock Up 0.1%

The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $43.03 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.74 and a beta of 1.21. The stock’s 50-day simple moving average is $18.84 and its 200-day simple moving average is $17.53.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $0.20 EPS 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 firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.95 billion. As a group, research 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.