ABB (NYSE:ABBNY) Sees Large Volume Increase – Here’s What Happened

Shares of ABB Ltd (NYSE:ABBNY) saw an uptick in trading volume on Thursday . 560,885 shares traded hands during trading, an increase of 159% from the previous session’s volume of 216,261 shares.The stock last traded at $55.35 and had previously closed at $55.05.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein lowered shares of ABB from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th.

ABB Stock Up 2.9 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The stock’s fifty day simple moving average is $55.33 and its two-hundred day simple moving average is $56.18. The company has a market capitalization of $105.50 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.48 and a beta of 1.16.

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.