Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.85 and traded as high as $56.31. ABB shares last traded at $55.29, with a volume of 230,283 shares traded.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on ABBNY shares. Kepler Capital Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Check Out Our Latest Report on ABB
ABB Price Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The firm has a market cap of $105.70 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The firm has a 50-day simple moving average of $52.95 and a 200 day simple moving average of $54.86.
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.
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