A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down – Here’s What Happened

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares gapped down prior to trading on Monday . The stock had previously closed at $12.45, but opened at $12.00. A.P. Moller-Maersk shares last traded at $12.0270, with a volume of 10,034 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMKBY. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday, June 25th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, A.P. Moller-Maersk presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The company’s fifty day moving average price is $12.18 and its 200 day moving average price is $12.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98. The firm has a market capitalization of $38.62 billion, a price-to-earnings ratio of 23.02 and a beta of 0.71.

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.