Assa Abloy AB (OTCMKTS:ASAZY) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several research firms have weighed in on ASAZY. Dnb Carnegie lowered shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. Deutsche Bank restated a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th. Finally, Citigroup restated a “buy” rating on shares of Assa Abloy in a research report on Wednesday, October 28th.

Assa Abloy Stock Performance

Shares of OTCMKTS ASAZY traded up $0.04 during trading on Friday, reaching $19.61. The stock had a trading volume of 93,254 shares, compared to its average volume of 259,136. Assa Abloy has a one year low of $16.82 and a one year high of $21.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 1.01. The stock has a market cap of $43.62 billion, a PE ratio of 24.20, a P/E/G ratio of 2.36 and a beta of 1.16. The firm’s 50 day moving average price is $18.33 and its two-hundred day moving average price is $18.67.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Assa Abloy had a net margin of 10.99% and a return on equity of 15.83%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.13 billion. On average, research analysts forecast that Assa Abloy will post 0.83 earnings per share for the current fiscal year.

About Assa Abloy

ASSA ABLOY AB is a global provider of access solutions, including products and services that help secure and manage entry to buildings and other spaces. Its offerings include mechanical and electromechanical locks, digital door locks, access-control systems, identification technologies, and automatic doors and entrance systems. The company serves customers in markets around the world, including commercial, institutional, residential, and industrial settings. Its products and services are used in applications ranging from homes and offices to hotels, hospitals, airports, and other facilities.