Assa Abloy (OTCMKTS:ASAZY) Sees Strong Trading Volume – Should You Buy?

Assa Abloy AB (OTCMKTS:ASAZY) shares saw an uptick in trading volume on Wednesday. 836,453 shares were traded during trading, an increase of 181% from the average daily volume of 297,661 shares. The stock last traded at $20.57 and had previously closed at $19.8940.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Dnb Carnegie downgraded Assa Abloy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of Assa Abloy in a research report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Assa Abloy Stock Performance

The stock has a market cap of $45.77 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.43 and a beta of 1.16. The company’s 50 day simple moving average is $18.09 and its 200 day simple moving average is $18.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 1.01.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Assa Abloy had a return on equity of 15.83% and a net margin of 10.99%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.13 billion. On average, equities research analysts anticipate that Assa Abloy AB will post 0.83 earnings per share for the current year.

Assa Abloy Company Profile

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.