ABB Ltd (NYSE:ABBNY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $59.64, but opened at $63.78. ABB shares last traded at $64.19, with a volume of 83,660 shares.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Kepler Capital Markets downgraded ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Barclays reiterated an "underweight" rating on shares of ABB in a research note on Tuesday. Finally, Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on ABB
ABB Stock Performance
The firm has a fifty day moving average of $57.80 and a 200-day moving average of $55.34. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The firm has a market cap of $119.61 billion, a P/E ratio of 30.60, a PEG ratio of 2.48 and a beta of 1.15.
ABB Company Profile
(
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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