ABB (NYSE:ABBNY) Stock Crosses Above 200 Day Moving Average of $42.63

ABB Ltd (NYSE:ABBNY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.63 and traded as high as $49.30. ABB shares last traded at $48.40, with a volume of 184,386 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Cowen cut ABB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th.

ABB Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 0.88. The company has a 50 day simple moving average of $46.94 and a 200-day simple moving average of $42.63. The stock has a market cap of $91.09 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 3.90 and a beta of 1.20.

ABB (NYSE:ABBNY) last issued its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.29). ABB had a return on equity of 26.66% and a net margin of 11.21%. The firm had revenue of $7.87 billion for the quarter. On average, equities analysts expect that ABB Ltd will post 2.06 earnings per share for the current fiscal 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.