ABB (NYSE:ABBNY) Share Price Passes Above 200-Day Moving Average – Time to Sell?

ABB Ltd (NYSE:ABBNY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

ABB Trading Down 0.5 %

The business’s 50-day moving average is $55.85 and its two-hundred day moving average is $56.16. The stock has a market capitalization of $101.42 billion, a PE ratio of 25.71, a PEG ratio of 2.48 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

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.