Assa Abloy (OTCMKTS:ASAZY) Hits New 1-Year High - Here's Why

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $19.4450 and last traded at $19.24, with a volume of 111112 shares trading hands. The stock had previously closed at $19.36.Wall Street Analysts Forecast GrowthASAZY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Assa Abloy in a research report on Thursday, November 20th. Barclays raised shares of Assa Abloy from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Citigroup upgraded Assa Abloy from a "neutral" rating to a "buy" rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".Check Out Our Latest Report on ASAZYAssa Abloy Stock PerformanceThe company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 0.66. The stock has a 50 day simple moving average of $18.55 and a two-hundred day simple moving average of $17.31. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.75 and a beta of 1.21. Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last announced its earnings results on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Assa Abloy had a net margin of 9.57% and a return on equity of 14.24%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.95 billion. As a group, analysts anticipate that Assa Abloy AB will post 0.69 earnings per share for the current year. About Assa Abloy (Get Free Report)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.See AlsoFive stocks we like better than Assa Abloy3 REITs to Buy and Hold for the Long TermSynopsys Sees Bullish Shift as Ansys Integration Drives GrowthHow Investors Can Identify and Successfully Trade Gap-Down StocksThe Best Holiday Present You Can Give Yourself? Costco StockWhat is Put Option Volume?Why Zscaler Stock Could Be Ready to Bounce After a 30% SelloffThis 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