Assa Abloy (OTCMKTS:ASAZY) Reaches New 12-Month High - Here's Why

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $19.50 and last traded at $19.34, with a volume of 82103 shares. The stock had previously closed at $19.32.Analysts Set New Price TargetsSeveral equities research analysts recently weighed in on ASAZY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Assa Abloy in a research note on Thursday, November 20th. Citigroup raised shares of Assa Abloy from a "neutral" rating to a "buy" rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold".Check Out Our Latest Stock Analysis on Assa AbloyAssa Abloy Price PerformanceThe firm has a market cap of $43.03 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.74 and a beta of 1.21. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $18.84 and its two-hundred day moving average is $17.53. Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.95 billion. Assa Abloy had a net margin of 9.57% and a return on equity of 14.24%. As a group, analysts anticipate that Assa Abloy AB will post 0.69 earnings per share for the current year. Assa Abloy Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Assa AbloyHow a Family Trust May Be Able To Help Preserve Your WealthGOLD ALERTOnce-in-a-generation financial shift is underwayWall Street Stockpicker Names #1 Stock of 2026Forget Amazon’s 1997 IPO… This Could Be 287 Times BiggerThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Assa Abloy Right Now?Before you consider Assa Abloy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assa Abloy wasn't on the list.While Assa Abloy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here