ABB (NYSE:ABBNY) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• ABB Ltd's stock has crossed above its two-hundred day moving average, indicating a potential upward trend, trading at $71.35 with a recent high of $71.68.
• Analyst ratings for ABB show a mix of opinions, with two analysts giving a Strong Buy rating, three rating it as Hold, and two assigning a Sell rating.
• The company has a market capitalization of $131.56 billion and a price-to-earnings ratio of 33.66, highlighting its significant size and valuation in the market.

ABB Ltd (NYSE:ABBNY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.56 and traded as high as $71.68. ABB shares last traded at $71.35, with a volume of 114,616 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen lowered ABB from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Barclays reiterated an "underweight" rating on shares of ABB in a research report on Tuesday, July 15th. Citigroup upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Finally, Kepler Capital Markets lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

ABB Price Performance

The company's fifty day moving average is $66.27 and its two-hundred day moving average is $58.94. The firm has a market capitalization of $129.33 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

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.