Hapag-Lloyd Aktiengesellschaft (ETR:HLAG) Stock Price Down 1% – Here’s Why

Shares of Hapag-Lloyd Aktiengesellschaft (ETR:HLAG) were down 1% on Tuesday . The stock traded as low as €136.50 and last traded at €139.10. Approximately 34,405 shares were traded during trading, a decline of 61% from the average daily volume of 88,256 shares. The stock had previously closed at €140.50.

Hapag-Lloyd Aktiengesellschaft Stock Performance

The stock’s 50-day moving average price is €123.10 and its 200-day moving average price is €119.53. The company has a market cap of $23.87 billion, a P/E ratio of 16.32, a PEG ratio of -0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 35.59, a current ratio of 1.44 and a quick ratio of 2.86.

Hapag-Lloyd Aktiengesellschaft Company Profile

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. It operates through Liner Shipping; and Terminal & Infrastructure segments. The company's vessel and container fleets are used for dry and special cargo, dangerous goods, and coffee, as well as reefer cargo. It also offers bilateral EDI, a directly connected electronic data interchange; application programming interface (API) developer portal to connect software systems and exchange data; operates portals comprising INTTRA, Infor Nexus, and CargoSmart that manage customer's supply chain data and connect to their carriers through one interface, as well as WAVE BL service for the digital release of original bills of lading; and provides email and security information services.