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

Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $55.04 and traded as high as $57.13. ABB shares last traded at $56.79, with a volume of 347,530 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Kepler Capital Markets downgraded ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Cfra Research downgraded ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Dnb Nor Markets upgraded 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 company. According to data from MarketBeat, ABB presently has an average rating of "Hold".

ABB Price Performance

The business has a 50 day moving average price of $56.02 and a two-hundred day moving average price of $55.00. The stock has a market cap of $111.15 billion, a PE ratio of 28.18, a P/E/G ratio of 2.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37.

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.