Zacks Investment Research cut shares of Assa Abloy AB (OTCMKTS:ASAZY) from a buy rating to a hold rating in a research report report published on Thursday.

According to Zacks, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden. “

Shares of Assa Abloy AB (OTCMKTS:ASAZY) opened at 11.25 on Thursday. The company has a market cap of $24.99 billion, a P/E ratio of 28.16 and a beta of 1.05. Assa Abloy AB has a 52-week low of $8.80 and a 52-week high of $11.35. The company has a 50-day moving average price of $10.72 and a 200-day moving average price of $10.63.

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About Assa Abloy AB

ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings.

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