Assa Abloy (OTCMKTS:ASAZY) Sees Strong Trading Volume – What’s Next?
by Renee Jackson · The Cerbat GemAssa Abloy AB (OTCMKTS:ASAZY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 579,229 shares traded hands during mid-day trading, an increase of 120% from the previous session’s volume of 263,785 shares.The stock last traded at $19.83 and had previously closed at $19.69.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Citigroup upgraded shares of Assa Abloy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Assa Abloy presently has an average rating of “Hold”.
View Our Latest Report on Assa Abloy
Assa Abloy Stock Up 1.9%
The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.47. The company has a market cap of $44.66 billion, a PE ratio of 28.27, a PEG ratio of 2.49 and a beta of 1.21. The company’s fifty day moving average is $19.13 and its 200-day moving average is $18.08.
Assa Abloy (OTCMKTS:ASAZY – Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Assa Abloy had a net margin of 9.57% and a return on equity of 14.24%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.95 billion. On average, analysts predict that Assa Abloy AB will post 0.69 EPS for the current year.
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.