ABB (NYSE:ABBNY) Hits New 52-Week High at $55.98

ABB Ltd (NYSE:ABBNY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.98 and last traded at $55.87, with a volume of 49820 shares trading hands. The stock had previously closed at $55.21.

ABB Trading Up 0.9 %

The stock has a 50 day moving average of $49.85 and a 200-day moving average of $45.70. The company has a market capitalization of $104.87 billion, a P/E ratio of 28.18, a P/E/G ratio of 3.09 and a beta of 1.16. The company has a current ratio of 1.23, a quick ratio of 0.88 and a debt-to-equity ratio of 0.47.

ABB (NYSE:ABBNY) last announced its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.29). ABB had a net margin of 11.21% and a return on equity of 26.66%. The company had revenue of $7.87 billion for the quarter. On average, research analysts predict that ABB Ltd will post 2.12 EPS 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.