Assa Abloy (OTCMKTS:ASAZY) Reaches New 1-Year High – What’s Next?

Assa Abloy AB (OTCMKTS:ASAZY) hit a new 52-week high on Monday . The stock traded as high as $19.96 and last traded at $19.95, with a volume of 7145 shares changing hands. The stock had previously closed at $19.80.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research note on Thursday, November 20th. Citigroup raised Assa Abloy from a “neutral” rating to a “buy” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Assa Abloy Trading Down 2.0%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 0.66. The stock’s fifty day moving average is $19.01 and its two-hundred day moving average is $17.92.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.95 billion. Assa Abloy had a return on equity of 14.24% and a net margin of 9.57%. Equities analysts forecast that Assa Abloy AB will post 0.69 EPS for the current fiscal year.

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.