Assa Abloy (OTCMKTS:ASAZY) Sets New 12-Month High - Time to Buy?

Key Points

• Assa Abloy reached a new 12-month high, trading at $17.27, with a significant volume of 113,537 shares exchanged.
• Analysts have mixed views on the stock, with Citigroup upgrading it to "neutral" while Pareto Securities downgraded it to "hold."
• The company reported quarterly EPS of $0.18, missing estimates, and anticipates a total of $0.69 EPS for the current year.

Shares of Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $17.27 and last traded at $17.27, with a volume of 113537 shares changing hands. The stock had previously closed at $16.88.

Analyst Ratings Changes

Several equities analysts recently commented on ASAZY shares. Citigroup raised shares of Assa Abloy from a "sell" rating to a "neutral" rating in a report on Monday, April 28th. Pareto Securities lowered shares of Assa Abloy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Assa Abloy Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.55. The firm's 50 day moving average is $16.16 and its 200 day moving average is $15.54.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last issued its earnings results on Thursday, July 17th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Assa Abloy had a return on equity of 14.16% and a net margin of 9.48%. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $38.05 billion. On average, analysts anticipate that Assa Abloy AB will post 0.69 earnings per share for the current fiscal year.

About Assa Abloy

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.