ABB (OTCMKTS:ABBNY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of ABB Ltd (OTCMKTS:ABBNY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $91.27 and traded as high as $104.47. ABB shares last traded at $102.96, with a volume of 339,022 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Pareto Securities lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays raised ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $58.00.

ABB Stock Performance

The stock has a market capitalization of $191.50 billion, a PE ratio of 38.62, a P/E/G ratio of 1.61 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. The firm’s 50 day moving average is $105.14 and its two-hundred day moving average is $91.70.

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.