ABB (NYSE:ABBNY) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $55.08 and traded as high as $59.90. ABB shares last traded at $59.71, with a volume of 159,064 shares.

Wall Street Analyst Weigh In

ABBNY has been the topic of several research analyst reports. Kepler Capital Markets lowered ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Dnb Nor Markets raised 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. According to MarketBeat.com, ABB presently has a consensus rating of "Hold".

ABB Price Performance

The stock has a market capitalization of $109.33 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The company has a 50 day moving average of $56.97 and a 200 day moving average of $55.13.

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.