ABB Ltd (NYSE:ABBNY - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.25 and traded as high as $70.76. ABB shares last traded at $70.66, with a volume of 129,672 shares changing hands.
Analyst Upgrades and Downgrades
ABBNY has been the subject of a number of recent analyst reports. Wall Street Zen cut ABB from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Kepler Capital Markets cut 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. Finally, Citigroup upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold".
Get Our Latest Analysis on ABBNY
ABB Trading Up 0.4%
The stock has a market capitalization of $130.29 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. 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 company has a 50-day moving average price of $66.91 and a 200 day moving average price of $59.28.
About ABB
(
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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.
Further Reading
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