ABB (OTCMKTS:ABBNY) Sees Strong Trading Volume – Still a Buy?

ABB Ltd (OTCMKTS:ABBNY) saw unusually-strong trading volume on Thursday . Approximately 780,014 shares traded hands during trading, an increase of 146% from the previous session’s volume of 317,133 shares.The stock last traded at $101.48 and had previously closed at $98.50.

Analyst Ratings Changes

A number of brokerages have issued reports on ABBNY. Berenberg Bank upgraded shares of ABB to a “hold” rating in a research note on Monday, June 1st. Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Barclays raised ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ABB presently has an average rating of “Hold” and a consensus target price of $58.00.

ABB Stock Down 2.2%

The stock has a market cap of $186.27 billion, a PE ratio of 37.56, a P/E/G ratio of 1.70 and a beta of 1.36. The business has a 50 day moving average price of $99.75 and a 200 day moving average price of $87.04. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43.

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.