ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.91 and traded as high as $56.87. ABB shares last traded at $56.87, with a volume of 150,158 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Cfra Research downgraded ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Kepler Capital Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on ABBNY
ABB Price Performance
The business has a fifty day moving average price of $53.29 and a 200-day moving average price of $54.93. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $106.63 billion, a PE ratio of 27.03, a PEG ratio of 2.48 and a beta of 1.16.
ABB Company Profile
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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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