ABB Ltds in-depth stock price analysis indicates that the stock price has rallied 10.59% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 4.76% . Looking at the past 52 week period, the stock price is up at 34.35% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of ABB Ltd has a positive value of 8.5 compared to overall market. ABB Ltd (NYSE:ABB) has tumbled 3.17% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.78% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.95%. ABB Ltd (NYSE:ABB) has underperformed the index by 0.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
ABB Ltd (NYSE:ABB) : On Friday heightened volatility was witnessed in ABB Ltd (NYSE:ABB) which led to swings in the share price. The stock opened for trading at $22.89 and hit $22.96 on the upside , eventually ending the session at $22.88, with a gain of 0.48% or 0.11 points. The heightened volatility saw the trading volume jump to 4,664,083 shares. The 52-week high of the share price is $23.9 and the company has a market cap of $48,870 million. The 52-week low of the share price is at $16.52 .
ABB Ltd (ADR) Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.35. The company had revenue of $8993.00 million for the quarter, compared to analysts expectations of $9026.23 million. The companys revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.ABB Ltd (ADR) was Upgraded by Natixis Bleichroeder to Buy on Feb 8, 2017. ABB Ltd (ADR) was Upgraded by Nordea to Buy on Jan 26, 2017. ABB Ltd (ADR) was Upgraded by RBC Capital Mkts to Outperform on Jan 25, 2017. ABB Ltd (ADR) was Upgraded by BofA/Merrill to Buy on Jan 10, 2017. ABB Ltd (ADR) was Downgraded by Jefferies to Underperform on Dec 13, 2016.
ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. The Company provides a range of products, systems, solutions and services that are designed to improve power grid reliability, increase industrial productivity and enhance energy efficiency. ABB is focused on power transmission, distribution and power-plant automation and serves electric, gas and water utilities, as well as industrial and commercial customers. Its Power Products division manufactures three categories of products: High-voltage Products, Medium-voltage Products and Transformers. The key technologies include high- and medium-voltage switchgear, circuit breakers for various current and voltage levels, power and distribution transformers, as well as sensors and products to automate and control electrical and other utility networks. ABB Ltd is structured into four regions: Europe, the Americas, Asia and the Middle East and Africa (MEA).