ABB (NYSE:ABBNY) Share Price Passes Above 200-Day Moving Average of $48.47

ABB Ltd (NYSE:ABBNY) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.47 and traded as high as $56.15. ABB shares last traded at $56.15, with a volume of 103,230 shares.

ABB Stock Performance

The company has a market cap of $108.74 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.94 and a beta of 1.15. The firm has a 50 day moving average price of $54.84 and a 200-day moving average price of $48.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.88 and a current ratio of 1.23.

ABB (NYSE:ABBNY) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.29). The company had revenue of $7.87 billion for the quarter. ABB had a return on equity of 26.66% and a net margin of 11.21%. On average, research analysts predict that ABB Ltd will post 2.15 EPS for the current 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.