ABB (NYSE:ABBNY) Sets New 12-Month High at $49.32

ABB Ltd (NYSE:ABBNY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $49.32 and last traded at $49.08, with a volume of 96075 shares traded. The stock had previously closed at $48.88.

Analyst Ratings Changes

Separately, TD Cowen downgraded shares of ABB from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 9th.

ABB Stock Performance

The company has a market capitalization of $91.78 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 3.80 and a beta of 1.20. The business has a 50 day moving average of $46.47 and a 200 day moving average of $42.15. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.47.

ABB (NYSE:ABBNY) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.15 billion. ABB had a return on equity of 26.66% and a net margin of 11.21%. On average, sell-side analysts predict that ABB Ltd will post 2.06 earnings per share 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.