Assa Abloy (OTCMKTS:ASAZY) Sets New 12-Month High – What’s Next?

by · The Cerbat Gem

Assa Abloy AB (OTCMKTS:ASAZY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.4450 and last traded at $19.24, with a volume of 111112 shares trading hands. The stock had previously closed at $19.36.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ASAZY shares. Citigroup upgraded Assa Abloy from a “neutral” rating to a “buy” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research note on Thursday, November 20th. Finally, Barclays upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Read Our Latest Research Report on ASAZY

Assa Abloy Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 0.66. The firm’s 50-day moving average price is $18.58 and its 200-day moving average price is $17.35.

Assa Abloy (OTCMKTS:ASAZY – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Assa Abloy had a return on equity of 14.24% and a net margin of 9.57%.The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.95 billion. Research analysts predict that Assa Abloy AB will post 0.69 earnings per share for the current fiscal year.

About Assa Abloy

(Get Free Report)

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.

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