Assa Abloy AB (OTCMKTS:ASAZY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

Shares of Assa Abloy AB (OTCMKTS:ASAZY) traded up 0.048% during trading on Thursday, hitting $10.315. The company had a trading volume of 56,048 shares. The firm has a market capitalization of $22.92 billion, a P/E ratio of 25.691 and a beta of 1.04. The stock’s 50-day moving average is $11.07 and its 200 day moving average is $10.86. Assa Abloy AB has a 52-week low of $8.80 and a 52-week high of $11.49.

Assa Abloy AB (OTCMKTS:ASAZY) last announced its earnings results on Friday, October 20th. The industrial products company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Assa Abloy AB had a net margin of 9.50% and a return on equity of 17.65%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.23 billion.

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About Assa Abloy AB

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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