Assa Abloy (OTCMKTS:ASAZY) Shares Gap Up – Here’s What Happened

Assa Abloy AB (OTCMKTS:ASAZY) shares gapped up prior to trading on Friday . The stock had previously closed at $17.15, but opened at $17.8950. Assa Abloy shares last traded at $18.0225, with a volume of 13,542 shares trading hands.

Analyst Ratings Changes

ASAZY has been the topic of several research analyst reports. Barclays restated an “overweight” rating on shares of Assa Abloy in a report on Monday, June 15th. Royal Bank Of Canada began coverage on shares of Assa Abloy in a report on Tuesday, June 16th. They issued an “outperform” rating for the company. Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Dnb Carnegie upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Assa Abloy Price Performance

The stock has a market capitalization of $39.87 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. The company’s 50-day simple moving average is $17.67 and its 200-day simple moving average is $19.01.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. As a group, sell-side analysts expect that Assa Abloy AB will post 0.84 EPS for the current fiscal year.

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.