Assa Abloy (OTCMKTS:ASAZY) Sees Strong Trading Volume – Still a Buy?

Assa Abloy AB (OTCMKTS:ASAZY) shares saw an uptick in trading volume on Monday . 415,877 shares changed hands during trading, an increase of 75% from the previous session’s volume of 238,114 shares.The stock last traded at $17.1650 and had previously closed at $17.07.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ASAZY. Pareto Securities upgraded Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Evercore upgraded Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Zacks Research lowered Assa Abloy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Barclays upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Assa Abloy has a consensus rating of “Moderate Buy”.

Assa Abloy Stock Performance

The company has a market cap of $38.18 billion, a P/E ratio of 22.58, a PEG ratio of 2.18 and a beta of 1.17. The company has a 50 day moving average price of $18.70 and a 200-day moving average price of $19.30. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.88 billion. Equities analysts expect that Assa Abloy AB will post 0.86 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.