ABB (NYSE:ABBNY) Hits New 12-Month High at $58.37

ABB Ltd (NYSE:ABBNY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $58.37 and last traded at $58.30, with a volume of 29014 shares changing hands. The stock had previously closed at $57.37.

ABB Stock Performance

The firm has a fifty day moving average of $54.97 and a 200-day moving average of $52.82. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.47. The firm has a market cap of $108.68 billion, a P/E ratio of 27.59, a PEG ratio of 2.97 and a beta of 1.16.

ABB (NYSE:ABBNY) last posted its quarterly earnings results on Thursday, July 18th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). ABB had a return on equity of 27.83% and a net margin of 11.77%. The business had revenue of $8.24 billion for the quarter. Research analysts predict that ABB Ltd will post 2.16 earnings per share for the current fiscal 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.