Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.96 and traded as high as $58.71. ABB shares last traded at $58.45, with a volume of 122,519 shares.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ABBNY. Sanford C. Bernstein downgraded ABB from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 29th.
View Our Latest Research Report on ABBNY
ABB Stock Performance
The stock's 50-day moving average price is $55.52 and its 200-day moving average price is $56.03. The company has a market capitalization of $107.64 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 2.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37.
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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