ASSA ABLOY AB/S (OTCMKTS:ASAZY) Stock Rating Lowered by UBS Group

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UBS Group lowered shares of ASSA ABLOY AB/S (OTCMKTS:ASAZY) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, Briefing.com Automated Import reports.

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of ASSA ABLOY AB/S from a buy rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of ASSA ABLOY AB/S from a sell rating to a hold rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. ASSA ABLOY AB/S currently has an average rating of Hold and an average target price of $12.00.

Shares of OTCMKTS:ASAZY traded up $0.10 during midday trading on Thursday, hitting $11.74. The stock had a trading volume of 113,944 shares, compared to its average volume of 85,630. The company has a quick ratio of 0.65, a current ratio of 1.04 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $11.38 and its 200-day moving average price is $10.97. ASSA ABLOY AB/S has a fifty-two week low of $8.32 and a fifty-two week high of $12.10. The company has a market capitalization of $25.90 billion, a P/E ratio of 24.98 and a beta of 0.91.

ASSA ABLOY AB/S (OTCMKTS:ASAZY) last released its quarterly earnings data on Friday, October 18th. The industrial products company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. ASSA ABLOY AB/S had a net margin of 10.91% and a return on equity of 18.21%. The company had revenue of $2.51 billion during the quarter. Research analysts expect that ASSA ABLOY AB/S will post 0.49 EPS for the current fiscal year.

About ASSA ABLOY AB/S

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and consumer markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, industrial high-security fencings and gates, and fire doors, as well as hardware products.

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