Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) hit a new 52-week high on Thursday . The stock 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 firms have commented on ABBNY. Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Kepler Capital Markets cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Finally, Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold".
Check Out Our Latest Stock Analysis on ABB
ABB Price Performance
The company has a market capitalization of $110.61 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. 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 company's 50 day simple moving average is $57.48 and its 200 day simple moving average is $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.
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