Assa Abloy (ASAZY) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a sell rating to a hold rating in a report published on Tuesday morning.
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 (ASAZY) opened at $10.35 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 0.35. Assa Abloy has a fifty-two week low of $9.00 and a fifty-two week high of $11.49. The company has a market capitalization of $21,871.20, a price-to-earnings ratio of 27.97, a P/E/G ratio of 2.16 and a beta of 1.04.
Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Assa Abloy had a return on equity of 17.34% and a net margin of 9.50%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. analysts forecast that Assa Abloy will post 0.48 EPS for the current fiscal 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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