ABB (NYSE:ABBNY) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• ABB Ltd's stock price surpassed its 200-day moving average of $56.69, trading at a high of $65.77.
• Recent analyst ratings show a mix of sentiment, with two analysts issuing sell ratings, three hold ratings, and two upgrades to strong buy.
• The company has a market capitalization of $120.85 billion and a PE ratio of 30.92, reflecting its financial position in the market.

ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $56.69 and traded as high as $65.77. ABB shares last traded at $65.54, with a volume of 182,313 shares traded.

Analyst Ratings Changes

ABBNY has been the topic of a number of recent analyst reports. Barclays reissued an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Kepler Capital Markets cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Wall Street Zen cut shares of ABB from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Citigroup upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold".

ABB Trading Down 1.5%

The stock has a fifty day moving average of $61.11 and a 200 day moving average of $56.69. 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 market capitalization of $120.85 billion, a PE ratio of 30.92, a PEG ratio of 2.48 and a beta of 1.14.

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.

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