ASSA ABLOY AB/S (ASAZY) Upgraded at Zacks Investment Research

ASSA ABLOY AB/S (OTCMKTS:ASAZY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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. “

Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of ASSA ABLOY AB/S from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. UBS Group raised shares of ASSA ABLOY AB/S from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 28th.

Shares of ASSA ABLOY AB/S stock traded up $0.16 during trading on Monday, hitting $10.39. The company’s stock had a trading volume of 88,637 shares, compared to its average volume of 95,333. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.42. ASSA ABLOY AB/S has a 52 week low of $9.50 and a 52 week high of $11.49. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.12 and a beta of 0.92.

ASSA ABLOY AB/S (OTCMKTS:ASAZY) last issued 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 company had revenue of $2.44 billion for the quarter. equities analysts anticipate that ASSA ABLOY AB/S will post 0.48 earnings per share for the current fiscal year.

ASSA ABLOY AB/S Company Profile

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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