Kuehne & Nagel International (OTCMKTS:KHNGY) Shares Pass Below 50-Day Moving Average – Here’s Why

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.52 and traded as low as $44.44. Kuehne & Nagel International shares last traded at $44.5760, with a volume of 6,674 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KHNGY. The Goldman Sachs Group raised shares of Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a report on Wednesday, January 14th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, April 29th. Jefferies Financial Group upgraded shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. HSBC downgraded shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. Finally, Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Kuehne & Nagel International has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average is $45.52 and its two-hundred day moving average is $43.87. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.54 and a beta of 0.77.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 40.73%. The firm had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.58 billion. As a group, sell-side analysts expect that Kuehne & Nagel International Ag will post 2.14 earnings per share 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.