ABB Ltd (NYSE:ABBNY - Get Free Report) shares saw strong trading volume on Friday . 1,422,584 shares were traded during mid-day trading, an increase of 440% from the previous session's volume of 263,608 shares.The stock last traded at $57.42 and had previously closed at $57.80.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Kepler Capital Markets downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold".
Get Our Latest Analysis on ABB
ABB Stock Performance
The stock has a market cap of $106.13 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.48 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $55.35 and a 200-day simple moving average of $55.02.
ABB Company Profile
(
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ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.
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