Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $56.17 and traded as high as $56.58. ABB shares last traded at $56.40, with a volume of 145,683 shares trading hands.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein cut shares of ABB from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th.
Check Out Our Latest Research Report on ABBNY
ABB Price Performance
The stock has a market capitalization of $98.48 billion, a PE ratio of 24.97, a PEG ratio of 2.48 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $55.81 and a 200-day moving average price of $56.15.
About ABB
(
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.
Read More
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
