Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Trading Up 11.7% – Here’s Why

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Free Report)’s share price shot up 11.7% during trading on Monday . The stock traded as high as $89.76 and last traded at $88.84. 5,110 shares changed hands during mid-day trading, an increase of 184% from the average session volume of 1,798 shares. The stock had previously closed at $79.50.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. started coverage on Hapag-Lloyd Aktiengesellschaft in a research report on Tuesday, September 10th. They set an “underweight” rating for the company.

Read Our Latest Stock Analysis on HPGLY

Hapag-Lloyd Aktiengesellschaft Price Performance

The company’s 50 day moving average price is $81.84 and its 200 day moving average price is $85.32.

Hapag-Lloyd Aktiengesellschaft Company Profile

(Get Free Report)

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.

Further Reading

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