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

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped down prior to trading on Monday. The stock had previously closed at $15.50, but opened at $14.79. A.P. Moller-Maersk shares last traded at $14.80, with a volume of 5,445 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMKBY shares. Fearnley Fonds upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. UBS Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group cut shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Thursday, October 22nd. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Finally, Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Down 1.3%

The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $17.52 and a 200-day moving average price of $13.94. The firm has a market capitalization of $47.07 billion, a PE ratio of 10.18 and a beta of 0.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, November 5th. The transportation company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.18). The firm had revenue of $18.09 billion for the quarter, compared to analyst estimates of $18.25 billion. A.P. Moller-Maersk had a net margin of 7.04% and a return on equity of 8.14%. Equities research analysts forecast that A.P. Moller-Maersk will post 2.95 earnings per share for the current fiscal year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk is a Danish transport and logistics company headquartered in Copenhagen. Founded in 1904, it has grown from a shipping business into a global provider of services that help move goods through international supply chains.

The company’s activities include container shipping, port operations through APM Terminals, and logistics services such as freight forwarding, warehousing and supply chain management. Its services connect customers with suppliers and markets around the world.

Maersk serves businesses across a broad range of industries and operates in markets worldwide.