ABB (NYSE:ABBNY) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• ABB Ltd's share price has recently crossed above its 200-day moving average, indicating a potential upward trend, currently trading at $66.48.
• Analysts have mixed opinions on ABB, with ratings ranging from "strong-buy" to "sell"; the consensus rating stands at "Hold".
• The company has a market capitalization of $122.58 billion and key financial ratios that suggest a stable financial position, including a debt-to-equity ratio of 0.44.

ABB Ltd (NYSE:ABBNY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.04 and traded as high as $66.79. ABB shares last traded at $66.48, with a volume of 160,427 shares changing hands.

Analysts Set New Price Targets

ABBNY has been the topic of several recent research reports. Kepler Capital Markets cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Citigroup raised shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 21st. Barclays reiterated an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Finally, Wall Street Zen downgraded ABB from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

ABB Stock Performance

The company has a market capitalization of $129.59 billion, a PE ratio of 33.15, a PEG ratio of 2.48 and a beta of 1.18. 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 has a 50 day moving average of $64.65 and a two-hundred day moving average of $58.19.

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.