ABB (NYSE:ABBNY) Stock Passes Above 200 Day Moving Average – Should You Sell?

ABB Ltd (NYSE:ABBNY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.23 and traded as high as $91.49. ABB shares last traded at $91.00, with a volume of 262,890 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen raised ABB from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of ABB in a report on Thursday, January 15th. Sanford C. Bernstein upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Evercore initiated coverage on shares of ABB in a research note on Monday, December 15th. They issued a “hold” rating for the company. Finally, Kepler Capital Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Stock Up 0.8%

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The stock has a market cap of $167.79 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25. The firm has a 50 day simple moving average of $78.56 and a two-hundred day simple moving average of $73.23.

About ABB

ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB’s offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.

ABB’s principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.