ABB (OTCMKTS:ABBNY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

ABB Ltd (OTCMKTS:ABBNY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $95.09 and traded as high as $102.26. ABB shares last traded at $100.86, with a volume of 206,667 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ABBNY shares. TD Cowen restated a “hold” rating on shares of ABB in a research report on Tuesday, June 30th. Dnb Carnegie raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.00.

ABB Stock Performance

The company has a fifty day moving average price of $102.80 and a 200 day moving average price of $95.09. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The stock has a market cap of $183.88 billion, a PE ratio of 36.41, a P/E/G ratio of 1.49 and a beta of 1.36.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.25%. Analysts expect that ABB Ltd will post 3.79 earnings per share for the current year.

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.