ABB (NYSE:ABBNY) Shares Gap Down - Time to Sell?

ABB Ltd (NYSE:ABBNY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $50.28, but opened at $48.93. ABB shares last traded at $49.66, with a volume of 36,940 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Sanford C. Bernstein cut shares of ABB from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Finally, Kepler Capital Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company. According to MarketBeat.com, ABB has an average rating of "Moderate Buy".

ABB Stock Performance

The stock has a fifty day moving average of $53.98 and a 200-day moving average of $55.46. The firm has a market capitalization of $94.05 billion, a P/E ratio of 23.84, a P/E/G ratio of 2.48 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

About ABB

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.