ABB Ltd (NYSE:ABBNY - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.57 and last traded at $60.56, with a volume of 22819 shares changing hands. The stock had previously closed at $59.61.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Kepler Capital Markets downgraded ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".
View Our Latest Stock Report on ABB
ABB Stock Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The firm has a market cap of $110.61 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.48 and a beta of 1.15. The firm has a fifty day simple moving average of $57.48 and a two-hundred day simple moving average of $55.25.
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.
Further Reading
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