A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down – Time to Sell?

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $12.24, but opened at $11.4450. A.P. Moller-Maersk shares last traded at $11.53, with a volume of 15,613 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on AMKBY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, December 17th. BNP Paribas Exane lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Finally, Hsbc Global Res raised shares of A.P. Moller-Maersk to a “strong-buy” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Down 5.6%

The stock’s 50 day simple moving average is $10.78 and its two-hundred day simple moving average is $10.40. The firm has a market cap of $36.59 billion, a P/E ratio of 7.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.05.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.20). The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $13.44 billion. A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%. As a group, research analysts forecast that A.P. Moller-Maersk will post 0.41 earnings per share for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.