Zacks Investment Research downgraded shares of PANALPINA WELTT/ADR (OTCMKTS:PLWTY) from a hold rating to a sell rating in a research note released on Thursday.
According to Zacks, “Panalpina Welttransport Holding AG engages in providing supply chain solutions. It offers freight shipping and supply chain management services. The Company transports freight by air and ship, and offers warehousing and distribution services. Panalpina’s air freight services include general, special, express, and intermodal services; and charter and emergency services. The company also offers ocean freight products comprising full container load, less-than-container load, and non-containerized load products, as well as various special services, such as dangerous goods handling, temperature controlled transportation, cargo insurance, letter of credit processing, certification and legalization of documents, food and drug administration filing, and advanced cargo information filing. It provides logistics services, including inbound, warehousing, production, distribution, and aftermarket services. Panalpina Welttransport Holding AG is headquartered in Basel, Switzerland. “
PANALPINA WELTT/ADR stock remained flat at $$28.25 during trading on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.40. PANALPINA WELTT/ADR has a 1-year low of $25.13 and a 1-year high of $26.30. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 56.50 and a beta of 0.47.
Panalpina Welttransport (Holding) AG provides air and ocean freight, and logistics services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and CIS. The company's air freight services include general, special, express, and intermodal services; and charter and emergency services, as well as virtual cargo airline and e-freight services.
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