ABB (NYSE:ABBNY) Sees Unusually-High Trading Volume - Here's What Happened

ABB Ltd (NYSE:ABBNY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 608,055 shares changed hands during mid-day trading, an increase of 117% from the previous session's volume of 280,439 shares.The stock last traded at $59.43 and had previously closed at $58.94.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cfra Research cut ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Kepler Capital Markets cut ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

ABB Price Performance

The stock has a market cap of $110.90 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The business has a 50 day simple moving average of $57.12 and a 200-day simple moving average of $55.15.

ABB Company Profile

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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