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

Shares of ABB Ltd (OTCMKTS:ABBNY) saw strong trading volume on Thursday . 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABBNY. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reissued a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd. Wall Street Zen cut shares of ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $58.00.

ABB Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $187.44 billion, a PE ratio of 37.80, a PEG ratio of 1.65 and a beta of 1.36. The firm’s fifty day simple moving average is $98.89 and its 200-day simple moving average is $86.68.

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.