ABB (NYSE:ABBNY) Sees Large Volume Increase – What’s Next?

ABB Ltd (NYSE:ABBNY) shares saw strong trading volume on Thursday . 203,269 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 250,284 shares.The stock last traded at $51.29 and had previously closed at $50.37.

Wall Street Analyst Weigh In

ABBNY has been the subject of several research reports. Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Sanford C. Bernstein lowered ABB from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, Dnb Nor Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ABB has an average rating of “Moderate Buy”.

ABB Stock Up 2.7 %

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 company has a market cap of $96.24 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. The firm’s 50 day moving average price is $53.90 and its two-hundred day moving average price is $55.43.

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.