Assa Abloy (OTCMKTS:ASAZY) Reaches New 12-Month High - Should You Buy?

Key Points

• Assa Abloy reached a new 52-week high of $17.68 during trading, marking a significant performance milestone for the company.
• Analyst ratings for Assa Abloy have shown mixed sentiment, with Citigroup upgrading their rating from "sell" to "neutral," while Pareto Securities downgraded from "strong-buy" to "hold."
• The company's latest earnings report revealed a miss on EPS expectations, with a reported $0.18 EPS compared to a consensus of $0.20.

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $17.68 and last traded at $17.68, with a volume of 29215 shares traded. The stock had previously closed at $17.36.

Analyst Ratings Changes

Several analysts have issued reports on ASAZY shares. Citigroup upgraded shares of Assa Abloy from a "sell" rating to a "neutral" rating in a research report on Monday, April 28th. Pareto Securities lowered Assa Abloy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Barclays raised Assa Abloy from a "strong sell" rating to a "hold" rating in a research note on Thursday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Assa Abloy presently has a consensus rating of "Hold".

Assa Abloy Trading Up 2.7%

The company has a 50-day simple moving average of $16.32 and a two-hundred day simple moving average of $15.62. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55.

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

Assa Abloy 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.