ABB (NYSE:ABBNY) Sees Unusually-High Trading Volume – Should You Buy?

ABB Ltd (NYSE:ABBNY) saw unusually-strong trading volume on Thursday . Approximately 560,885 shares changed hands during mid-day trading, an increase of 159% from the previous session’s volume of 216,261 shares.The stock last traded at $55.35 and had previously closed at $55.05.

Wall Street Analyst Weigh In

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

ABB Trading Up 0.1 %

The company has a market cap of $102.50 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 2.48 and a beta of 1.15. The firm’s fifty day moving average price is $55.29 and its 200-day moving average price is $56.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

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.