Assa Abloy (OTCMKTS:ASAZY) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Assa Abloy AB (OTCMKTS:ASAZY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.17 and traded as low as $17.51. Assa Abloy shares last traded at $17.51, with a volume of 280,078 shares trading hands.

Analyst Upgrades and Downgrades

ASAZY has been the topic of several analyst reports. Barclays restated an “overweight” rating on shares of Assa Abloy in a report on Monday, June 15th. Royal Bank Of Canada assumed coverage on Assa Abloy in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a research report on Monday, July 20th. Finally, Zacks Research raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Assa Abloy Price Performance

The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $18.45. The stock has a market cap of $38.92 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.04 and a beta of 1.16.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%.The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. As a group, research analysts anticipate that Assa Abloy AB will post 0.84 EPS for the current fiscal year.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and technologies designed to secure, control and automate entry to buildings, facilities and other protected spaces.

Its offerings include mechanical and electromechanical locks, digital and mobile access systems, identification and security technologies, door hardware, entrance automation and security doors. Assa Abloy serves residential, commercial, institutional, hospitality, healthcare and industrial customers through a portfolio of regional and international brands, including ASSA, ABLOY, Yale and HID.

The company was formed in 1994 through the merger of Swedish lock manufacturer ASSA AB and Finnish lock manufacturer Abloy Oy.