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

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $17.9250, but opened at $17.32. A.P. Moller-Maersk shares last traded at $17.42, with a volume of 5,263 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMKBY. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Fearnley Fonds upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

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Read Our Latest Stock Analysis on AMKBY

A.P. Moller-Maersk Trading Down 3.6%

The company’s fifty day moving average price is $14.79 and its two-hundred day moving average price is $13.24. 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 company has a market cap of $54.80 billion, a price-to-earnings ratio of 22.19 and a beta of 0.73.

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. 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

(Get Free Report)

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.

The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.

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