ABB (NYSE:ABBNY) Shares Gap Down – Here’s Why

Shares of ABB Ltd (NYSE:ABBNY) gapped down prior to trading on Thursday . The stock had previously closed at $55.93, but opened at $54.56. ABB shares last traded at $54.51, with a volume of 10,671 shares trading hands.

Wall Street Analysts Forecast Growth

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

ABB Stock Up 2.0 %

The company’s 50-day simple moving average is $55.47 and its two-hundred day simple moving average is $56.14. The firm has a market capitalization of $103.26 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

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.