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 Wednesday . The stock had previously closed at $16.70, but opened at $16.10. A.P. Moller-Maersk shares last traded at $16.10, with a volume of 6,918 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on AMKBY. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, A.P. Moller-Maersk has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The firm has a market capitalization of $51.08 billion, a PE ratio of 20.69 and a beta of 0.70. 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 fifty day moving average price of $12.95 and a two-hundred day moving average price of $12.56.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%.The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. Sell-side analysts forecast that A.P. Moller-Maersk will post 1.76 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.