Kuehne & Nagel International (OTCMKTS:KHNGY) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $51.30 and traded as high as $53.31. Kuehne & Nagel International shares last traded at $53.06, with a volume of 4,795 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a research note on Tuesday, July 28th. Barclays reiterated an “underweight” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Finally, Zacks Research cut Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kuehne & Nagel International Trading Down 1.8%

The company has a market capitalization of $31.45 billion, a PE ratio of 28.31, a P/E/G ratio of 3.56 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The firm’s 50 day simple moving average is $51.39 and its 200-day simple moving average is $47.74.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Kuehne & Nagel International had a net margin of 3.57% and a return on equity of 39.21%. The business had revenue of $8.22 billion during the quarter, compared to analyst estimates of $7.58 billion. As a group, equities research analysts anticipate that Kuehne & Nagel International Ag will post 2.15 EPS for the current year.

Kuehne & Nagel International Company Profile

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.