Kuehne & Nagel International (OTCMKTS:KHNGY) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Kuehne & Nagel International's stock price fell below its 50-day moving average of $40.63, trading as low as $37.80 with a market capitalization of $22.83 billion.
• Analyst ratings have recently shifted, with BNP Paribas upgrading the stock to "hold" while Deutsche Bank and Zacks Research downgraded it to "hold" and "strong sell," respectively.
• The company reported earnings per share of $0.49 for the last quarter, missing expectations, but revenues of $7.45 billion exceeded analyst predictions of $6.11 billion.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $40.63 and traded as low as $37.80. Kuehne & Nagel International shares last traded at $37.82, with a volume of 33,979 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KHNGY. BNP Paribas raised shares of Kuehne & Nagel International from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft cut shares of Kuehne & Nagel International from a "buy" rating to a "hold" rating in a research note on Friday, September 19th. Finally, Zacks Research cut shares of Kuehne & Nagel International from a "hold" rating to a "strong sell" rating in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Kuehne & Nagel International has an average rating of "Reduce".

Kuehne & Nagel International Trading Down 0.9%

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The business's 50-day moving average is $40.63 and its two-hundred day moving average is $43.07. The stock has a market capitalization of $22.83 billion, a PE ratio of 16.96, a PEG ratio of 0.98 and a beta of 0.90.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.02). The firm had revenue of $7.45 billion during the quarter, compared to analysts' expectations of $6.11 billion. Kuehne & Nagel International had a net margin of 4.47% and a return on equity of 41.79%. On average, analysts predict that Kuehne & Nagel International Ag will post 2.31 earnings per share for the current year.

Kuehne & Nagel International Company Profile

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.

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