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

Key Points

• Kuehne & Nagel International shares fell below their fifty-day moving average of $43.22, trading as low as $41.67 before settling at $42.39.
• The company reported a missed EPS estimate for its recent quarter, posting $0.49 compared to the $0.51 expected by analysts, but exceeded revenue expectations with $7.45 billion.
• Kuehne & Nagel has a market cap of $25.59 billion and offers integrated logistics services across various segments including Sea, Air, Road, and Contract Logistics.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $43.22 and traded as low as $41.67. Kuehne & Nagel International shares last traded at $42.39, with a volume of 46,904 shares changing hands.

Kuehne & Nagel International Stock Performance

The stock has a market capitalization of $25.25 billion, a P/E ratio of 18.75, a PEG ratio of 1.02 and a beta of 0.93. The company's fifty day simple moving average is $43.02 and its two-hundred day simple moving average is $44.74.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.11 billion. Kuehne & Nagel International had a return on equity of 38.55% and a net margin of 4.47%. On average, research analysts predict that Kuehne & Nagel International Ag will post 2.31 earnings per share for the current fiscal year.

About Kuehne & Nagel International

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers less-than-container load, reefer and project logistics, and flexible container shipping solutions.