Allegion plc (ALLE) : During the past 4 weeks, traders have been relatively bearish on Allegion plc (ALLE), hence the stock is down -1.84% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.45% relative to the S&P 500. The 4-week change in the price of the stock is -1.47% and the stock has fallen -1.48% in the past 1 week.
Allegion Plc is up 6.01% in the last 3-month period. Year-to-Date the stock performance stands at 8.53%. The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 1.65%.
Allegion plc (NYSE:ALLE): The stock opened at $71.62 on Friday but the bulls could not build on the opening and the stock topped out at $71.67 for the day. The stock traded down to $71.09 during the day, due to lack of any buying support eventually closed down at $71.28 with a loss of -0.85% for the day. The stock had closed at $71.89 on the previous day. The total traded volume was 546,783 shares.
Also, Equity Analysts at the Brokerage Firm, Imperial Capital, downgrades their rating on the shares of Allegion plc (NYSE:ALLE). Imperial Capital has a In-line rating on the shares. Previously, the analysts had a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $79 per share from a prior target of $71. The rating by the firm was issued on August 2, 2016.
Allegion plc is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, video analytics systems and other accessories. The Companys products also include an array of sealing systems, such as sound control, fire and smoke protection, threshold applications, lites, door louvers, intumescent products, photo-luminescent and flood barrier for doors.It operates in three geographic segments: Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. The Companys brands include CISA, FALCON, Briton, Schlage, Bricard, LCN, Von Duprin, STEELCRAFT, NORMBAU and INAFER, among others.