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ABB (NYSE:ABBNY) Share Price Passes Above 200-Day Moving Average - Time to Sell?

ABB logo with Industrials background

ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Ratings Changes

ABBNY has been the subject of several research analyst reports. Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Cfra Research downgraded ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Kepler Capital Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

View Our Latest Research Report on ABB

ABB Stock 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 business has a 50-day simple moving average of $54.48 and a 200-day simple moving average of $55.02. The firm has a market capitalization of $108.59 billion, a PE ratio of 27.53, a P/E/G ratio of 2.48 and a beta of 1.16.

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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