Assa Abloy (OTCMKTS:ASAZY) Stock Rating Lowered by Zacks Research

Assa Abloy (OTCMKTS:ASAZY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on ASAZY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research report on Thursday, November 20th. Citigroup restated a “buy” rating on shares of Assa Abloy in a research note on Friday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Assa Abloy currently has an average rating of “Hold”.

Assa Abloy Trading Down 0.4%

ASAZY opened at $21.85 on Monday. Assa Abloy has a 52 week low of $12.76 and a 52 week high of $21.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.06. The business has a 50 day moving average of $19.79 and a 200-day moving average of $18.56.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings results on Thursday, February 5th. The industrial products company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Assa Abloy had a net margin of 9.74% and a return on equity of 14.85%. As a group, research analysts predict that Assa Abloy will post 0.69 earnings per share 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.