ABB Ltd (NYSE:ABBNY - Get Free Report)'s stock 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 traded.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ABBNY. Cfra Research cut ABB from a "moderate buy" rating to a "hold" rating in a report on Monday, April 21st. Kepler Capital Markets cut ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Dnb Nor Markets upgraded 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 assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".
Read Our Latest Report on ABB
ABB Price 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 company's 50-day simple moving average is $56.85 and its 200-day simple moving average is $55.09. The stock has a market capitalization of $111.10 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.
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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