ABB (NYSE:ABBNY) Sets New 1-Year High - What's Next?

ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price reached a new 52-week high during trading 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 Upgrades and Downgrades

Several brokerages have recently issued reports on ABBNY. Kepler Capital Markets cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Cfra Research downgraded shares of ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. 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 stock. According to MarketBeat, the stock has an average rating of "Hold".

ABB Trading Up 1.5%

The company's fifty day moving average price is $57.26 and its two-hundred day moving average price is $55.18. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a market cap of $112.60 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

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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