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

A.P. Moller-Maersk (OTCMKTS:AMKBYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $12.48, but opened at $11.75. A.P. Moller-Maersk shares last traded at $11.6850, with a volume of 38,546 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, A.P. Moller-Maersk currently has a consensus rating of “Reduce”.

Read Our Latest Stock Analysis on A.P. Moller-Maersk

A.P. Moller-Maersk Stock Performance

The business has a fifty day simple moving average of $12.12 and a two-hundred day simple moving average of $12.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The company has a market cap of $37.26 billion, a PE ratio of 22.21 and a beta of 0.71.

About A.P. Moller-Maersk

(Get Free Report)

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.

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