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

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

Hapag-Lloyd Aktiengesellschaft Stock Performance

The company has a quick ratio of 2.86, a current ratio of 1.44 and a debt-to-equity ratio of 35.59. The stock’s fifty day moving average is €123.10 and its two-hundred day moving average is €119.53. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of -0.04 and a beta of 1.20.

About Hapag-Lloyd Aktiengesellschaft

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.