Assa Abloy AB (OTCMKTS:ASAZY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Assa Abloy AB (OTCMKTS:ASAZY) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th.

Assa Abloy Stock Performance

OTCMKTS:ASAZY opened at $17.83 on Tuesday. The company has a market capitalization of $39.67 billion, a PE ratio of 22.57, a P/E/G ratio of 2.10 and a beta of 1.15. The company has a 50 day simple moving average of $17.99 and a two-hundred day simple moving average of $18.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 1.01. Assa Abloy has a fifty-two week low of $16.82 and a fifty-two week high of $21.98.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Research analysts anticipate that Assa Abloy will post 0.84 earnings per share for the current year.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.