ABB (OTCMKTS:ABBNY) Stock Passes Above 200 Day Moving Average – What’s Next?

ABB Ltd (OTCMKTS:ABBNY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.17 and traded as high as $109.00. ABB shares last traded at $108.47, with a volume of 673,411 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on ABBNY. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Berenberg Bank raised ABB to a “hold” rating in a report on Monday, June 1st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Citigroup reissued a “neutral” rating on shares of ABB in a research note on Thursday. Finally, Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.00.

ABB Price Performance

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 has a market capitalization of $197.76 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36. The business’s 50-day moving average price is $102.01 and its 200-day moving average price is $88.31.

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.