ABB (NYSE:ABBNY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of ABB Ltd (NYSE:ABBNY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.08 and traded as high as $59.90. ABB shares last traded at $59.71, with a volume of 159,064 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Kepler Capital Markets downgraded ABB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. Cfra Research downgraded ABB from a “moderate buy” rating to a “hold” rating in a report on Monday, April 21st. Finally, Dnb Nor Markets upgraded ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

ABB Stock Up 0.4%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The firm has a market capitalization of $111.10 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.48 and a beta of 1.16. The stock has a fifty day moving average price of $56.70 and a two-hundred day moving average price of $55.08.

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.