Assa Abloy (OTCMKTS:ASAZY) Downgraded by Dnb Carnegie to Hold

Dnb Carnegie cut shares of Assa Abloy (OTCMKTS:ASAZY) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks reports.

A number of other research firms have also recently issued reports on ASAZY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a research note on Thursday, September 17th. Citigroup restated a “buy” rating on shares of Assa Abloy in a research report on Wednesday, October 28th. Four 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 a consensus rating of “Moderate Buy”.

Assa Abloy Stock Performance

Shares of ASAZY stock opened at $19.89 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. Assa Abloy has a 12-month low of $16.82 and a 12-month high of $21.98. The business’s 50 day moving average is $18.09 and its two-hundred day moving average is $18.68. The company has a market capitalization of $44.27 billion, a P/E ratio of 24.56, a P/E/G ratio of 2.43 and a beta of 1.16.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Assa Abloy had a net margin of 10.99% and a return on equity of 15.83%. Analysts expect that Assa Abloy will post 0.83 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 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.