ABB (OTCMKTS:ABBNY) Sees Unusually-High Trading Volume – What’s Next?

Shares of ABB Ltd (OTCMKTS:ABBNY) saw unusually-high trading volume on Thursday . Approximately 780,014 shares changed hands during trading, an increase of 146% from the previous session’s volume of 317,133 shares.The stock last traded at $101.48 and had previously closed at $98.50.

Analyst Ratings Changes

ABBNY has been the topic of a number of research reports. Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Berenberg Bank upgraded shares of ABB to a “hold” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of ABB in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ABB presently has an average rating of “Hold” and a consensus target price of $58.00.

ABB Trading Up 4.4%

The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $98.89 and its 200 day moving average price is $86.68. The company has a market capitalization of $187.44 billion, a P/E ratio of 37.80, a P/E/G ratio of 1.65 and a beta of 1.36.

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.