ABB (NYSE:ABBNY) Sees Large Volume Increase – Still a Buy?

ABB Ltd (NYSE:ABBNY) shares saw unusually-strong trading volume on Thursday . Approximately 560,885 shares changed hands during 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 downgraded shares of ABB from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th.

ABB Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $102.50 billion, a PE ratio of 25.99, a PEG ratio of 2.48 and a beta of 1.15. The company has a 50-day moving average of $55.29 and a 200 day moving average of $56.18.

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.