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

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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Fearnley Fonds upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday. Nordea Equity Research raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. One research 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 stock. According to data from MarketBeat, A.P. Moller-Maersk presently has an average 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 stock has a 50-day moving average price of $13.04 and a 200 day moving average price of $12.62. The stock has a market capitalization of $51.35 billion, a price-to-earnings ratio of 20.80 and a beta of 0.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. The company had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%. As a group, equities research analysts expect that A.P. Moller-Maersk will post 2.2 earnings per share for the current year.

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.