ABB (NYSE:ABBNY) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• ABB Ltd's stock price has surpassed its 200-day moving average, suggesting potential positive momentum, with a current trading price of $66.67 compared to the moving average of $57.22.
• Analyst ratings for ABB are mixed, with two analysts rating it a Strong Buy, three as Hold, and two as Sell, resulting in an average rating of "Hold" according to MarketBeat.com.
• The company has a robust market capitalization of $122.93 billion and financial indicators like a PE ratio of 31.45 and a debt-to-equity ratio of 0.44, reflecting its substantial market position.

ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.22 and traded as high as $67.14. ABB shares last traded at $66.67, with a volume of 163,590 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays reaffirmed an "underweight" rating on shares of ABB in a research note on Tuesday, July 15th. Citigroup raised shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 21st. Kepler Capital Markets downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen downgraded shares of ABB from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, ABB presently has a consensus rating of "Hold".

ABB Price Performance

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 $124.59 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.48 and a beta of 1.14. The company's 50-day simple moving average is $63.10 and its 200 day simple moving average is $57.59.

About ABB

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.