ABB (NYSE:ABBNY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

ABB Ltd (NYSE:ABBNY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.32 and traded as high as $73.75. ABB shares last traded at $73.63, with a volume of 158,361 shares.

Wall Street Analysts Forecast Growth

ABBNY has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Citigroup raised shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Monday, July 21st. Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Barclays reissued an “underweight” rating on shares of ABB in a report on Tuesday, July 15th. Finally, BNP Paribas initiated coverage on shares of ABB in a report on Tuesday, September 30th. They issued an “underperform” rating and a $58.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $58.00.

ABB Stock Up 1.9%

The stock has a 50 day moving average of $70.55 and a 200-day moving average of $62.32. The firm has a market capitalization of $135.77 billion, a P/E ratio of 34.73, a PEG ratio of 2.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37.

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.