ABB (NYSE:ABBNY) Shares Pass Above 200 Day Moving Average of $47.10

Shares of ABB Ltd (NYSE:ABBNY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.10 and traded as high as $57.57. ABB shares last traded at $57.13, with a volume of 420,312 shares trading hands.

ABB Stock Performance

The stock’s 50 day moving average price is $52.36 and its 200 day moving average price is $47.10. The company has a current ratio of 1.23, a quick ratio of 0.88 and a debt-to-equity ratio of 0.47. The firm has a market cap of $107.52 billion, a PE ratio of 29.45, a P/E/G ratio of 3.24 and a beta of 1.16.

ABB (NYSE:ABBNY) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.29). The firm had revenue of $7.87 billion for the quarter. ABB had a net margin of 11.21% and a return on equity of 26.66%. As a group, equities analysts forecast that ABB Ltd will post 2.12 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.