Assa Abloy AB (OTCMKTS:ASAZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden. “

Assa Abloy AB (OTCMKTS:ASAZY) traded up 0.36% during midday trading on Thursday, reaching $11.23. The company had a trading volume of 64,212 shares. The stock’s 50 day moving average is $10.70 and its 200 day moving average is $10.62. The firm has a market capitalization of $24.95 billion, a price-to-earnings ratio of 28.11 and a beta of 1.05. Assa Abloy AB has a 12-month low of $8.80 and a 12-month high of $11.35.

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Assa Abloy AB Company Profile

ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings.

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