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

Shares of Kuehne & Nagel International Ag (OTCMKTS:KHNGY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $44.33 and traded as high as $48.41. Kuehne & Nagel International shares last traded at $48.38, with a volume of 7,050 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KHNGY shares. Zacks Research raised Kuehne & Nagel International from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 27th. Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a report on Wednesday, January 28th. The Goldman Sachs Group upgraded shares of Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research note on Wednesday, January 14th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Kuehne & Nagel International Stock Up 0.5%

The firm has a 50 day moving average of $44.33 and a 200-day moving average of $41.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $29.21 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88.

Kuehne & Nagel International Company Profile

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.