Kuehne & Nagel International (OTCMKTS:KHNGY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.85 and traded as high as $47.34. Kuehne & Nagel International shares last traded at $47.29, with a volume of 4,184 shares changing hands.

Analyst Ratings Changes

KHNGY has been the subject of a number of analyst reports. HSBC downgraded shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a report on Wednesday, March 4th. Jefferies Financial Group raised shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. Zacks Research raised shares of Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Citigroup reaffirmed a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Kuehne & Nagel International Stock Down 0.5%

The stock has a market capitalization of $28.55 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.77 and a beta of 0.76. The firm’s fifty day moving average is $45.85 and its 200-day moving average is $44.57. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.35.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. As a group, equities research analysts predict that Kuehne & Nagel International Ag will post 2.14 earnings per share for the current year.

About Kuehne & Nagel International

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.