Assa Abloy (OTCMKTS:ASAZY) Sees Large Volume Increase – Should You Buy?

Assa Abloy AB (OTCMKTS:ASAZY) shares saw unusually-high trading volume on Monday . Approximately 415,877 shares were traded during trading, an increase of 75% from the previous session’s volume of 238,114 shares.The stock last traded at $17.1650 and had previously closed at $17.07.

Analyst Upgrades and Downgrades

ASAZY has been the subject of several recent analyst reports. Pareto Securities raised Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Evercore upgraded shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th. Zacks Research lowered shares of Assa Abloy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Barclays raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Dnb Carnegie upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Assa Abloy Stock Performance

The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $38.87 billion, a PE ratio of 22.99, a PEG ratio of 2.18 and a beta of 1.17. The firm has a 50 day moving average price of $18.70 and a 200-day moving average price of $19.29.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Research analysts expect that Assa Abloy AB will post 0.86 EPS for the current fiscal year.

About Assa Abloy

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.