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

ABB Ltd (NYSE:ABBNY) shares 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.

Analyst Upgrades and Downgrades

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

ABB Stock Down 0.5 %

The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $101.42 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The business has a 50-day moving average price of $55.85 and a 200-day moving average price of $56.16.

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.