Assa Abloy (OTCMKTS:ASAZY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Assa Abloy AB (OTCMKTS:ASAZY)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $20.39 and traded as high as $20.79. Assa Abloy shares last traded at $20.59, with a volume of 206,338 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ASAZY shares. Zacks Research lowered shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a report on Thursday, November 20th. Barclays upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of Assa Abloy in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Assa Abloy Trading Down 3.1%

The firm’s 50-day moving average price is $20.42 and its 200 day moving average price is $19.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.36 billion. Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. As a group, analysts anticipate that Assa Abloy AB will post 0.69 EPS for the current year.

Assa Abloy Company Profile

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.