ABB (OTCMKTS:ABBNY) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

ABB Ltd (OTCMKTS:ABBNY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $95.09 and traded as high as $102.26. ABB shares last traded at $100.86, with a volume of 206,667 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABBNY. Citigroup restated a “neutral” rating on shares of ABB in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ABB has a consensus rating of “Hold” and a consensus price target of $58.00.

ABB Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.08. The company has a market capitalization of $183.88 billion, a P/E ratio of 36.41, a PEG ratio of 1.49 and a beta of 1.36. The stock’s fifty day simple moving average is $102.80 and its 200-day simple moving average is $95.09.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.13). ABB had a net margin of 13.86% and a return on equity of 31.25%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.34 billion. On average, equities analysts forecast that ABB Ltd will post 3.79 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.