ABB Ltd (NYSE:ABBNY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.03 and traded as high as $57.85. ABB shares last traded at $57.53, with a volume of 223,087 shares.
Wall Street Analysts Forecast Growth
ABBNY has been the subject of several recent research reports. The Goldman Sachs Group cut ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Citigroup downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 2nd.
Check Out Our Latest Stock Analysis on ABBNY
ABB Trading Down 0.7 %
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's 50 day moving average price is $56.68 and its 200-day moving average price is $55.03. The company has a market cap of $106.30 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 2.86 and a beta of 1.16.
ABB (NYSE:ABBNY - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates 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. On average, research analysts forecast that ABB Ltd will post 2.13 EPS for the current year.
ABB Company Profile
(
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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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