ABB (NYSE:ABBNY) Sees Strong Trading Volume - Still a Buy?

ABB Ltd (NYSE:ABBNY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 221,977 shares were traded during trading, a decline of 20% from the previous session's volume of 276,515 shares.The stock last traded at $54.66 and had previously closed at $53.12.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ABBNY shares. Cfra Research downgraded shares of ABB from a "moderate buy" rating to a "hold" rating in a report on Monday, April 21st. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Kepler Capital Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

ABB Stock Up 0.7 %

The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The company's 50 day moving average price is $52.84 and its 200 day moving average price is $54.90. The firm has a market capitalization of $101.48 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.48 and a beta of 1.16.

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.