ABB (NYSE:ABBNY) Sees Large Volume Increase – Here’s What Happened

ABB Ltd (NYSE:ABBNY) saw unusually-strong trading volume on Tuesday . Approximately 669,741 shares traded hands during trading, an increase of 191% from the previous session’s volume of 230,080 shares.The stock last traded at $56.33 and had previously closed at $56.20.

Wall Street Analyst Weigh In

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

ABB Price Performance

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 stock has a market capitalization of $106.58 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.48 and a beta of 1.16. The stock has a 50-day moving average price of $55.60 and a 200 day moving average price of $56.13.

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.