ASSA ABLOY AB/S (OTCMKTS:ASAZY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

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. “

A number of other equities research analysts have also weighed in on the stock. ValuEngine upgraded shares of ASSA ABLOY AB/S from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. UBS Group upgraded shares of ASSA ABLOY AB/S from a “neutral” rating to a “buy” rating in a report on Tuesday, August 28th.

Shares of OTCMKTS ASAZY traded up $0.16 during trading on Monday, hitting $10.39. 88,637 shares of the company traded hands, compared to its average volume of 95,333. ASSA ABLOY AB/S has a fifty-two week low of $9.50 and a fifty-two week high of $11.49. The firm has a market capitalization of $21.46 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.42.

ASSA ABLOY AB/S (OTCMKTS:ASAZY) last announced its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $0.11 earnings per share for the quarter. ASSA ABLOY AB/S had a net margin of 4.44% and a return on equity of 17.08%. The firm had revenue of $2.44 billion for the quarter. equities research analysts forecast that ASSA ABLOY AB/S will post 0.48 EPS for the current year.

About ASSA ABLOY AB/S

ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. The company 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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