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ABB (NYSE:ABBNY) Shares Gap Down - Time to Sell?

ABB logo with Industrials background

Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $50.28, but opened at $48.93. ABB shares last traded at $49.66, with a volume of 36,940 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Kepler Capital Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein cut shares of ABB from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, Dnb Nor Markets raised shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

View Our Latest Stock Analysis on ABBNY

ABB Stock Down 0.4 %

The firm has a market capitalization of $93.72 billion, a PE ratio of 23.76, a PEG ratio of 2.48 and a beta of 1.11. 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 fifty day simple moving average of $53.98 and a two-hundred day simple moving average of $55.46.

About ABB

(Get Free Report)

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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