ABB Ltd (NYSE:ABBNY – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $54.36 and traded as high as $56.41. ABB shares last traded at $56.02, with a volume of 151,585 shares changing hands.
Analyst Ratings Changes
Separately, Citigroup lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
View Our Latest Stock Report on ABB
ABB Stock Up 0.5 %
ABB (NYSE:ABBNY – Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). ABB had a net margin of 11.77% and a return on equity of 27.83%. The company had revenue of $8.15 billion for the quarter. Equities analysts expect that ABB Ltd will post 2.14 EPS for the current year.
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.
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