Assa Abloy (OTCMKTS:ASAZY) Upgraded by Barclays to Strong-Buy Rating

Barclays upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

ASAZY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a research report on Thursday, November 20th. Zacks Research downgraded shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Citigroup reiterated a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Assa Abloy Trading Down 1.6%

ASAZY opened at $20.59 on Tuesday. The business has a fifty day moving average of $20.39 and a 200 day moving average of $19.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. Assa Abloy has a 52-week low of $12.76 and a 52-week high of $21.98.

Assa Abloy (OTCMKTS:ASAZY) last released its earnings results on Thursday, February 5th. The industrial products company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.36 billion. Assa Abloy had a return on equity of 14.78% and a net margin of 9.74%. As a group, equities analysts predict that Assa Abloy 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.