ABB (NYSE:ABBNY) Hits New 12-Month High – What’s Next?

ABB Ltd (NYSE:ABBNY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $59.67 and last traded at $59.63, with a volume of 84964 shares. The stock had previously closed at $59.18.

Wall Street Analyst Weigh In

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

ABB Stock Performance

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 firm’s fifty day moving average is $55.98 and its 200 day moving average is $55.96. The company has a market cap of $110.59 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15.

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.