ABB (NYSE:ABBNY) Sees Large Volume Increase – Here’s What Happened

ABB Ltd (NYSE:ABBNY) shares saw strong trading volume on Thursday . 560,885 shares changed hands during trading, an increase of 159% from the previous session’s volume of 216,261 shares.The stock last traded at $55.35 and had previously closed at $55.05.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein downgraded ABB from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th.

ABB Stock Performance

The firm’s fifty day moving average is $55.33 and its 200 day moving average is $56.18. The firm has a market capitalization of $105.50 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

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.