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ABB (NYSE:ABBNY) Stock Crosses Above 200-Day Moving Average - Here's Why

ABB logo with Industrials background

Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.99 and traded as high as $57.86. ABB shares last traded at $57.54, with a volume of 187,577 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Kepler Capital Markets raised ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Get Our Latest Analysis on ABB

ABB Price Performance

The firm's fifty day simple moving average is $54.00 and its 200-day simple moving average is $54.99. 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 capitalization of $109.33 billion, a PE ratio of 27.72, a PEG ratio of 2.48 and a beta of 1.16.

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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