ABB (NYSE:ABBNY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of ABB Ltd (NYSE:ABBNY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.53 and traded as high as $76.44. ABB shares last traded at $76.44, with a volume of 148,584 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on ABBNY shares. Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a report on Thursday, January 15th. Sanford C. Bernstein upgraded ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Evercore ISI assumed coverage on ABB in a research report on Monday, December 15th. They issued a “hold” rating for the company. Finally, BNP Paribas Exane began coverage on shares of ABB in a research report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Stock Performance

The company has a market capitalization of $140.95 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 2.48 and a beta of 1.23. The stock’s 50 day moving average price is $73.35 and its 200 day moving average price is $70.53. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

ABB Company Profile

ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB’s offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.

ABB’s principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.