ABB (NYSE:ABBNY) Sees Unusually-High Trading Volume – What’s Next?

ABB Ltd (NYSE:ABBNY) shares saw an uptick in trading volume on Tuesday . 669,741 shares changed hands during mid-day trading, an increase of 191% from the previous session’s volume of 230,080 shares.The stock last traded at $56.33 and had previously closed at $56.20.

Analyst Upgrades and Downgrades

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

ABB Trading Up 0.4 %

The company’s 50-day moving average is $55.50 and its 200-day moving average is $56.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The firm has a market cap of $104.97 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.48 and a beta of 1.16.

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.