ABB Ltd (NYSE:ABBNY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $55.31 and traded as high as $60.63. ABB shares last traded at $59.93, with a volume of 203,257 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on ABBNY shares. Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Cfra Research downgraded shares of ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 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, Barclays reaffirmed an "underweight" rating on shares of ABB in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ABB has an average rating of "Hold".
Read Our Latest Research Report on ABB
ABB Stock Performance
The stock has a 50-day moving average of $58.02 and a 200 day moving average of $55.42. The stock has a market capitalization of $119.84 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.
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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