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

ABB Ltd (NYSE:ABBNY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $77.29 and traded as high as $80.65. ABB shares last traded at $80.48, with a volume of 311,945 shares.

Analysts Set New Price Targets

ABBNY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Sanford C. Bernstein upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of ABB in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Price Performance

The stock has a market cap of $148.40 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.48 and a beta of 1.24. 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 50-day simple moving average of $85.55 and a two-hundred day simple moving average of $77.29.

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.