Assa Abloy (OTCMKTS:ASAZY) Posts Earnings Results, Misses Expectations By $0.01 EPS

Assa Abloy (OTCMKTS:ASAZY) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. Assa Abloy had a return on equity of 14.24% and a net margin of 9.57%.

Assa Abloy Price Performance

ASAZY traded up $0.27 on Thursday, reaching $21.40. The company had a trading volume of 43,092 shares, compared to its average volume of 216,916. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.47. Assa Abloy has a fifty-two week low of $12.76 and a fifty-two week high of $21.40. The company’s fifty day moving average is $19.56 and its 200 day moving average is $18.41.

Wall Street Analyst Weigh In

ASAZY has been the subject of several research analyst reports. Citigroup upgraded Assa Abloy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a research report on Thursday, November 20th. Finally, Zacks Research upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.