A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up Following Analyst Upgrade

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price gapped up prior to trading on Thursday after Fearnley Fonds upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $13.33, but opened at $14.06. A.P. Moller-Maersk shares last traded at $14.22, with a volume of 17,610 shares trading hands.

AMKBY has been the topic of a number of other reports. Barclays raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, May 18th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, A.P. Moller-Maersk has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The company has a market cap of $43.29 billion, a P/E ratio of 25.80 and a beta of 0.71. The business’s fifty day moving average is $12.16 and its 200 day moving average is $12.01.

A.P. Moller-Maersk Company Profile

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.