ABB (NYSE:ABBNY) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of ABB Ltd (NYSE:ABBNY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.88 and traded as high as $57.06. ABB shares last traded at $57.05, with a volume of 210,719 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup lowered ABB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded shares of ABB from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th.

ABB Stock Up 3.3 %

The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $106.15 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.31 and a beta of 1.15. The firm’s 50-day moving average price is $55.79 and its 200 day moving average price is $55.88.

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.