ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $56.16 and traded as high as $58.23. ABB shares last traded at $58.03, with a volume of 143,122 shares trading hands.
Analyst Upgrades and Downgrades
ABBNY has been the topic of a number of recent research reports. Citigroup lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 29th.
Read Our Latest Analysis on ABB
ABB Price Performance
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. The company has a market cap of $107.60 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 2.74 and a beta of 1.15. The company's 50-day simple moving average is $56.93 and its 200-day simple moving average is $56.16.
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). The company had revenue of $8.15 billion for the quarter. ABB had a return on equity of 27.58% and a net margin of 11.90%. On average, equities research analysts anticipate that ABB Ltd will post 2.16 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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