ABB (NYSE:ABBNY) Stock Crosses Above 200 Day Moving Average – Time to Sell?

ABB Ltd (NYSE:ABBNY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.91 and traded as high as $56.87. ABB shares last traded at $56.87, with a volume of 150,158 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABBNY. Kepler Capital Markets upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Cfra Research lowered shares of ABB from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 21st. Finally, Dnb Nor Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ABB Trading Down 0.1%

The business has a fifty day moving average of $53.20 and a 200-day moving average of $54.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The company has a market capitalization of $105.81 billion, a P/E ratio of 26.83, a PEG ratio of 2.48 and a beta of 1.16.

About ABB

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.