ABB (NYSE:ABBNY) Stock Price Passes Above 200 Day Moving Average – Here’s Why

ABB Ltd (NYSE:ABBNY)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $53.24 and traded as high as $58.09. ABB shares last traded at $57.95, with a volume of 145,502 shares traded.

ABB Trading Up 0.4 %

The firm has a market cap of $108.33 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.97 and a beta of 1.16. The stock has a fifty day simple moving average of $55.48 and a 200 day simple moving average of $53.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.88 and a current ratio of 1.23.

ABB (NYSE:ABBNY) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). ABB had a return on equity of 27.83% and a net margin of 11.77%. The company had revenue of $8.24 billion during the quarter. On average, research analysts expect that ABB Ltd will post 2.16 earnings per share for the current fiscal 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.