ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) Shares Up 3.7% – Still a Buy?

Shares of ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) rose 3.7% during mid-day trading on Wednesday . The stock traded as high as $34.75 and last traded at $34.75. Approximately 100 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,309 shares. The stock had previously closed at $33.50.

ASSA ABLOY AB (publ) Stock Performance

The firm has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $38.39.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) is a Swedish manufacturer and global provider of door opening solutions, operating across a comprehensive range of mechanical and electromechanical hardware, access control systems, identification technologies and services. The company’s product portfolio includes locks, door closers, hinges, security doors and frames, intelligent entrance systems, biometrics, electronic access control, safe locks and digital door locks. These offerings are designed to enhance safety, convenience and efficiency for residential, commercial, institutional and industrial customers.

Founded in 1994 through the merger of ASSA in Sweden and Abloy in Finland, ASSA ABLOY has grown through organic development and acquisitions, establishing a broad footprint of production sites, research centers and sales offices.