Assa Abloy (OTCMKTS:ASAZY) Announces Quarterly Earnings Results

Assa Abloy (OTCMKTS:ASAZY) released its earnings results on Friday. The industrial products company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21, Zacks reports. Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%.

Assa Abloy Stock Up 0.1%

ASAZY opened at $17.15 on Friday. Assa Abloy has a 52 week low of $16.22 and a 52 week high of $21.98. 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 business has a 50 day moving average price of $17.67 and a two-hundred day moving average price of $19.01. The company has a market cap of $38.16 billion, a PE ratio of 22.57, a P/E/G ratio of 2.23 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASAZY. Barclays restated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Zacks Research upgraded Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Evercore raised shares of Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Finally, Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.