ABB (NYSE:ABBNY) Sees Strong Trading Volume

ABB Ltd (NYSE:ABBNY) saw an uptick in trading volume on Friday . 359,437 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 230,415 shares.The stock last traded at $55.76 and had previously closed at $57.13.

ABB Stock Down 2.5 %

The company has a 50-day moving average of $52.57 and a 200-day moving average of $47.26. 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 company has a market capitalization of $104.87 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 3.19 and a beta of 1.16.

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