ABB Ltd (NYSE:ABBNY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $55.93, but opened at $54.56. ABB shares last traded at $54.51, with a volume of 10,671 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein downgraded shares of ABB from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th.
Read Our Latest Stock Analysis on ABB
ABB Stock Up 1.2 %
The business's 50 day simple moving average is $55.50 and its 200 day simple moving average is $56.13. The company has a market capitalization of $104.57 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.
ABB Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider ABB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ABB wasn't on the list.
While ABB currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
