ABB (NYSE:ABBNY) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

ABB Ltd (NYSE:ABBNY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Friday. Cfra Research downgraded shares of ABB from a "moderate buy" rating to a "hold" rating in a report on Monday, April 21st. Kepler Capital Markets downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Barclays reiterated an "underweight" rating on shares of ABB in a report on Tuesday. Finally, Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

ABB Price Performance

The company has a market capitalization of $119.95 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.48 and a beta of 1.15. The company's 50 day simple moving average is $58.23 and its 200-day simple moving average is $55.50. The company has a current ratio of 1.37, a quick ratio of 0.99 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.