Assa Abloy (ASAZY) to Release Earnings on Wednesday

Assa Abloy (OTCMKTS:ASAZY) is projected to issue its results before the market opens on Wednesday, February 4th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Assa Abloy Trading Up 2.0%

Shares of OTCMKTS ASAZY opened at $20.54 on Wednesday. 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 stock’s 50-day moving average is $19.29 and its two-hundred day moving average is $18.24. Assa Abloy has a 1-year low of $12.76 and a 1-year high of $20.59.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a report on Thursday, November 20th. Finally, Citigroup upgraded shares of Assa Abloy from a “neutral” rating to a “buy” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.