Assa Abloy (ASAZY) Rating Increased to Hold at Zacks Investment Research

Assa Abloy (OTCMKTS:ASAZY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 (OTCMKTS:ASAZY) traded down $0.01 during trading on Tuesday, hitting $10.35. 95,820 shares of the stock traded hands, compared to its average volume of 244,844. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 0.72. Assa Abloy has a 1 year low of $9.00 and a 1 year high of $11.49. The company has a market capitalization of $21,871.20, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.04.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Friday, October 20th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Assa Abloy had a net margin of 9.50% and a return on equity of 17.34%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.23 billion. analysts forecast that Assa Abloy will post 0.48 earnings per share for the current year.

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About Assa Abloy

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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