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Goldman Sachs upgraded Assa Abloy (OTCMKTS:ASAZY) from Neutral to Buy in a statement released earlier today.

Yesterday Assa Abloy (OTCMKTS:ASAZY) traded -0.10% lower at $9.99. ASAZY’s 50-day average is $10.32 and its two hundred day average is $10.23. With the last stock price close down -2.40% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 6,278 shares of ASAZY changing hands under the typical 76,785

Goldman Sachs has upgraded Assa Abloy (OTCMKTS:ASAZY) from Neutral to Buy in a report released on Thursday October 06, 2016.

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Assa Abloy has a P/E ratio of 24.28 with a 52 week low of $8.75 and a 52 week high of $11.23 Assa Abloy’s market capitalization is currently $0.

About Assa Abloy (OTCMKTS:ASAZY)

ASSA ABLOY AB supplies door opening solutions in Europe, North America, South America, Asia, Oceana, the Middle East, and Africa. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, hardware fittings, door frames, industrial high-security fencing and gates, and fire doors and hardware under the Abloy, Assa, ASSA ABLOY, Ikon, Mul-T-Lock, Tesa, Union, Vachette, Yale, Ameristar, Ceco, Corbin Russwin, Curries, Emtek, Medeco, Phillips, Sargent, La Fonte, Baodean, Guli, Pan Pan, Liyi, Doormax, Tianming, Guoqiang, Sahne, Longdian, Keylock, Xinmao, Huasheng, Gateman, Angel, King, the global, Lockwood, and Interlock brands. The company also provides secure identity solutions primarily in identity and access management, and contactless identification technology solutions under the HID Global and VingCard brands to healthcare, education, financial, government, and state institutions; and electronic lock systems, safes, energy management systems, and minibars for hotels and cruise ships under the VingCard and Elsafe product brands. In addition, it offers entrance automation products and components, such as automatic swing, sliding, and revolving doors; gate automation products; hardware for overhead sectional doors; garage doors; high-performance doors; docking solutions; and hangar doors under the Besam, Crawford, Albany, TKO, Megadoor, FlexiForce, Amarr, Kelley, Serco, Normstahl, Dynaco, Ditec, Entrematic, and EM brand names. The company sells its products through security systems integrators, locksmiths and security installers, building and lock wholesalers, retailers, DIY, hardware and security stores, OEMs, and door and window manufacturers. ASSA ABLOY AB is headquartered in Stockholm, Sweden.

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