Zacks Investment Research downgraded shares of Panalpina Welt Ag Unspon (NASDAQ:PLWTY) from a buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Panalpina Welttransport Holding AG engages in providing supply chain solutions. It offers freight shipping and supply chain management services. The Company transports freight by air and ship, and offers warehousing and distribution services. Panalpina’s air freight services include general, special, express, and intermodal services; and charter and emergency services. The company also offers ocean freight products comprising full container load, less-than-container load, and non-containerized load products, as well as various special services, such as dangerous goods handling, temperature controlled transportation, cargo insurance, letter of credit processing, certification and legalization of documents, food and drug administration filing, and advanced cargo information filing. It provides logistics services, including inbound, warehousing, production, distribution, and aftermarket services. Panalpina Welttransport Holding AG is headquartered in Basel, Switzerland. “

Panalpina Welt Ag Unspon (PLWTY) opened at 27.75 on Wednesday. The company has a market capitalization of $3.29 billion and a PE ratio of 50.34. The firm has a 50-day moving average of $26.53 and a 200 day moving average of $25.16. Panalpina Welt Ag Unspon has a 12-month low of $24.70 and a 12-month high of $27.75.

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