ABB (NYSE:ABBNY) Share Price Passes Above Two Hundred Day Moving Average of $49.46

Shares of ABB Ltd (NYSE:ABBNY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.46 and traded as high as $54.82. ABB shares last traded at $54.73, with a volume of 412,100 shares traded.

ABB Stock Performance

The company has a market cap of $101.82 billion, a PE ratio of 26.57, a PEG ratio of 2.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.88 and a current ratio of 1.23. The firm’s 50 day moving average is $55.56 and its 200-day moving average is $49.51.

ABB (NYSE:ABBNY) last announced its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). ABB had a net margin of 11.77% and a return on equity of 27.83%. The business had revenue of $8.24 billion for the quarter. On average, research analysts anticipate that ABB Ltd will post 2.16 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.