Assa Abloy (OTCMKTS:ASAZY) Downgraded by Zacks Research to Strong Sell

Assa Abloy (OTCMKTS:ASAZY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

ASAZY has been the subject of several other research reports. Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Citigroup restated a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. Barclays upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, Evercore upgraded Assa Abloy to a “hold” rating in a report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Assa Abloy has an average rating of “Moderate Buy”.

Assa Abloy Stock Performance

Shares of OTCMKTS ASAZY opened at $18.34 on Tuesday. The company has a market cap of $40.81 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.37 and a beta of 1.20. Assa Abloy has a 52-week low of $14.81 and a 52-week high of $21.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. The firm’s fifty day moving average is $18.99 and its two-hundred day moving average is $19.43.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.88 billion. As a group, analysts anticipate that Assa Abloy 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.