Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.31 and traded as high as $56.29. ABB shares last traded at $56.11, with a volume of 308,079 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on ABBNY shares. Citigroup lowered ABB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group cut ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 29th.
View Our Latest Research Report on ABBNY
ABB Trading Down 0.2 %
The company's 50 day moving average price is $56.78 and its two-hundred day moving average price is $55.36. The firm has a market cap of $104.40 billion, a PE ratio of 26.85, a P/E/G ratio of 2.87 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.45.
ABB (NYSE:ABBNY - Get Free Report) last announced its earnings results on Thursday, October 17th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.04). ABB had a net margin of 11.90% and a return on equity of 27.58%. The business had revenue of $8.15 billion for the quarter. As a group, sell-side analysts forecast that ABB Ltd will post 2.13 EPS for the current year.
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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