ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Upgraded to “Strong Sell” at Barclays

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was upgraded by research analysts at Barclays to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

ASSA ABLOY AB (publ) Stock Performance

OTCMKTS ASAZY traded down $0.24 on Thursday, reaching $15.47. 119,272 shares of the stock were exchanged, compared to its average volume of 124,931. ASSA ABLOY AB has a one year low of $10.17 and a one year high of $16.27. The firm has a market capitalization of $34.42 billion, a PE ratio of 24.95, a PEG ratio of 1.65 and a beta of 1.11. The company’s 50-day simple moving average is $14.84 and its two-hundred day simple moving average is $14.49. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its earnings results on Wednesday, July 17th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $3.55 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Analysts expect that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.