ABB (NYSE:ABBNY) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

ABB Ltd (NYSE:ABBNY)’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.

ABB Stock Up 0.5 %

The company has a market capitalization of $105.43 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.96 and a beta of 1.16. The business has a fifty day simple moving average of $56.68 and a two-hundred day simple moving average of $54.49. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.47.

ABB (NYSE:ABBNY) 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.