Kuehne + Nagel International (OTCMKTS:KHNGY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Kuehne + Nagel International AG (OTCMKTS:KHNGY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.51 and traded as low as $45.45. Kuehne + Nagel International shares last traded at $46.12, with a volume of 30,425 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KHNGY shares. UBS Group raised Kuehne + Nagel International to a “hold” rating in a research report on Tuesday, October 1st. Barclays upgraded shares of Kuehne + Nagel International to a “hold” rating in a report on Friday, September 27th. Finally, Citigroup upgraded shares of Kuehne + Nagel International to a “strong sell” rating in a research note on Wednesday, October 9th.

Kuehne + Nagel International Trading Up 1.0 %

The stock has a 50-day simple moving average of $48.02 and a 200 day simple moving average of $54.51. The company has a market cap of $27.85 billion, a price-to-earnings ratio of 21.06 and a beta of 0.84.

Kuehne + Nagel International (OTCMKTS:KHNGY) last posted its earnings results on Wednesday, October 23rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Kuehne + Nagel International had a net margin of 4.83% and a return on equity of 37.72%. The firm had revenue of $7.50 billion during the quarter. As a group, research analysts forecast that Kuehne + Nagel International AG will post 2.37 EPS for the current fiscal 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.