ABB Ltd (NYSE:ABBNY - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $59.67 and last traded at $59.63, with a volume of 84964 shares changing hands. The stock had previously closed at $59.18.
Analyst Ratings Changes
A number of equities research analysts have recently commented on ABBNY shares. Sanford C. Bernstein lowered shares of ABB from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Citigroup cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group downgraded ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 29th.
Check Out Our Latest Stock Analysis on ABB
ABB Price Performance
The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.35. The business has a 50 day simple moving average of $55.98 and a 200-day simple moving average of $55.96. The firm has a market cap of $110.59 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 2.46 and a beta of 1.15.
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.
Further Reading
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