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

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up before the market opened on Monday . The stock had previously closed at $11.96, but opened at $12.51. A.P. Moller-Maersk shares last traded at $12.59, with a volume of 19,684 shares.

Analyst Ratings Changes

A number of research analysts recently commented on AMKBY shares. 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. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. 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, Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, A.P. Moller-Maersk has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The firm has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $12.26. 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 cap of $40.93 billion, a price-to-earnings ratio of 24.40 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.