ABB (NYSE:ABBNY) Stock Crosses Above Two Hundred Day Moving Average - Should You 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) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on ABBNY. Kepler Capital Markets lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Barclays restated an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Wall Street Zen lowered shares of ABB from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Citigroup upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

ABB Trading Up 0.7%

The company's fifty day simple moving average is $65.55 and its two-hundred day simple moving average is $58.56. 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 company has a market capitalization of $131.56 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18.

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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