ABB (NYSE:ABBNY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

ABB Ltd (NYSE:ABBNY)’s share price passed 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.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut ABB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

ABB Price Performance

The company’s fifty day moving average is $56.68 and its two-hundred day moving average is $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. The firm has a market capitalization of $105.43 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.96 and a beta of 1.16.

ABB (NYSE:ABBNY) last released its earnings results on Thursday, October 17th. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The company had revenue of $8.15 billion during the quarter. ABB had a net margin of 11.77% and a return on equity of 27.83%. Equities research analysts anticipate that ABB Ltd will post 2.14 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.