ABB (NYSE:ABBNY) Shares Gap Down – Here’s What Happened

ABB Ltd (NYSE:ABBNY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $55.93, but opened at $54.56. ABB shares last traded at $54.51, with a volume of 10,671 shares changing hands.

Analysts Set New Price Targets

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

ABB Stock Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The stock has a market capitalization of $101.18 billion, a PE ratio of 25.65, a P/E/G ratio of 2.48 and a beta of 1.16. The firm’s 50 day moving average is $55.42 and its two-hundred day moving average is $56.16.

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.