Assa Abloy (OTCMKTS:ASAZY) Stock Gets Downgrade from Dnb Carnegie

Assa Abloy (OTCMKTS:ASAZY) was downgraded by equities researchers at Dnb Carnegie from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

ASAZY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a report on Thursday, September 17th. Citigroup reaffirmed a “buy” rating on shares of Assa Abloy in a research note on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Assa Abloy Trading Down 1.1%

Shares of ASAZY stock opened at $19.89 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.43 and a beta of 1.16. Assa Abloy has a 1 year low of $16.82 and a 1 year high of $21.98. The firm has a fifty day moving average price of $18.09 and a 200-day moving average price of $18.68.

Assa Abloy (OTCMKTS:ASAZY) last announced its earnings results 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). Assa Abloy had a return on equity of 15.83% and a net margin of 10.99%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.13 billion. As a group, equities analysts predict that Assa Abloy will post 0.83 earnings per share for the current 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.