ABB (OTCMKTS:ABBNY) Sees Unusually-High Trading Volume – Here’s What Happened

ABB Ltd (OTCMKTS:ABBNY) shares saw an uptick in trading volume on Friday . Approximately 977,956 shares were traded during mid-day trading, an increase of 167% from the previous session’s volume of 366,761 shares.The stock last traded at $96.01 and had previously closed at $97.79.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays upgraded 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. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Berenberg Bank raised ABB to a “hold” rating in a research report on Monday, June 1st. Finally, Dnb Carnegie raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $58.00.

ABB Price Performance

The stock has a market capitalization of $175.04 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. The company has a 50 day moving average of $104.33 and a 200 day moving average of $93.50.

ABB (OTCMKTS:ABBNY) last issued its earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.13). The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.52%. As a group, equities research analysts anticipate that ABB Ltd will post 3.76 EPS for the current year.

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.