ABB (NYSE:ABBNY) Share Price Passes Above 200 Day Moving Average – What’s Next?

ABB Ltd (NYSE:ABBNY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $66.31 and traded as high as $72.81. ABB shares last traded at $72.46, with a volume of 208,592 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ABBNY shares. BNP Paribas assumed coverage on shares of ABB in a research note on Tuesday, September 30th. They issued an “underperform” rating and a $58.00 price objective on the stock. Zacks Research downgraded ABB from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Trading Up 1.4%

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 company has a fifty day moving average price of $71.95 and a two-hundred day moving average price of $66.31. The firm has a market capitalization of $133.61 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.48 and a beta of 1.24.

ABB Company Profile

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.