Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) 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.
Wall Street Analyst Weigh In
ABBNY has been the topic of a number of analyst reports. Kepler Capital Markets lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Cfra Research lowered shares of ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. One 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. Based on data from MarketBeat, ABB currently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on ABBNY
ABB Trading Down 1.1%
The company has a market cap of $110.61 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The business's fifty day moving average price is $57.48 and its 200 day moving average price is $55.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.
About ABB
(
Get Free Report)
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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