ABB (OTCMKTS:ABBNY) Share Price 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 Tuesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

ABBNY has been the topic of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of ABB in a report on Thursday, June 18th. Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. Wall Street Zen lowered ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Kepler Capital Markets cut ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ABB currently has a consensus rating of “Reduce” and an average target price of $58.00.

ABB Stock Performance

The firm has a market capitalization of $187.71 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 1.68 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 business’s fifty day simple moving average is $104.88 and its 200-day simple moving average is $91.27.

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.