ABB Ltd (NYSE:ABBNY - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $54.36 and traded as high as $56.41. ABB shares last traded at $56.02, with a volume of 151,585 shares trading hands.
Analyst Ratings Changes
Separately, Citigroup downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd.
Read Our Latest Research Report on ABB
ABB Trading Up 0.5 %
The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.47. The business's fifty day simple moving average is $56.68 and its two-hundred day simple moving average is $54.43. The company has a market cap of $105.43 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.96 and a beta of 1.16.
ABB (NYSE:ABBNY - Get Free Report) last announced its earnings results on Thursday, October 17th. The industrial products company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04). The business had revenue of $8.15 billion during the quarter. ABB had a net margin of 11.77% and a return on equity of 27.83%. On average, equities analysts predict that ABB Ltd will post 2.14 EPS for the current year.
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.
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