ABB (NYSE:ABBNY) Reaches New 52-Week High at $51.70

Shares of ABB Ltd (NYSE:ABBNY) hit a new 52-week high on Thursday . The company traded as high as $51.70 and last traded at $51.51, with a volume of 21653 shares trading hands. The stock had previously closed at $51.33.

ABB Stock Up 0.4 %

The firm has a 50-day moving average of $47.27 and a two-hundred day moving average of $43.11. The stock has a market capitalization of $97.04 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.90 and a beta of 1.16. 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 quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.29). The company had revenue of $7.87 billion during the quarter. ABB had a return on equity of 26.66% and a net margin of 11.21%. As a group, sell-side analysts anticipate 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.