ABB (NYSE:ABBNY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

ABB Ltd (NYSE:ABBNY)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $56.17 and traded as high as $56.58. ABB shares last traded at $56.40, with a volume of 145,683 shares trading hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein downgraded ABB from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th.

ABB Stock Down 0.6 %

The stock’s fifty day moving average is $55.84 and its two-hundred day moving average is $56.17. 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 market capitalization of $104.94 billion, a PE ratio of 26.60, a P/E/G 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.