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

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price gapped up prior to trading on Thursday . 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMKBY shares. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, May 18th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, May 8th. Finally, Barclays upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The company’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $11.96. 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 stock has a market capitalization of $44.70 billion, a P/E ratio of 26.64 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.