ABB (OTCMKTS:ABBNY) Sees Strong Trading Volume – Still a Buy?

ABB Ltd (OTCMKTS:ABBNY) shares saw unusually-strong trading volume on Thursday . Approximately 553,042 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 338,616 shares.The stock last traded at $107.36 and had previously closed at $105.84.

Analyst Ratings Changes

A number of analysts have recently weighed in on ABBNY shares. Kepler Capital Markets cut ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Berenberg Bank raised shares of ABB to a “hold” rating in a research note on Monday, June 1st. Nine research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ABB has a consensus rating of “Reduce” and an average target price of $58.00.

ABB Stock Up 1.1%

The company has a market cap of $195.06 billion, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The stock has a 50-day simple moving average of $103.00 and a 200-day simple moving average of $89.19. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43.

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.