A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 117,054 shares, a decrease of 75.5% from the October 15th total of 476,808 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 162,956 shares, the short-interest ratio is currently 0.7 days.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Barclays lowered shares of A.P. Moller-Maersk from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, The Goldman Sachs Group downgraded shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, A.P. Moller-Maersk presently has an average rating of “Reduce”.
View Our Latest Report on A.P. Moller-Maersk
A.P. Moller-Maersk Trading Up 1.1%
Shares of OTCMKTS AMKBY opened at $14.84 on Friday. 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 fifty day simple moving average of $17.37 and a two-hundred day simple moving average of $14.00. The firm has a market cap of $46.98 billion, a PE ratio of 9.29 and a beta of 0.71. A.P. Moller-Maersk has a twelve month low of $9.32 and a twelve month high of $18.76.
A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last issued its 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). A.P. Moller-Maersk had a return on equity of 8.14% and a net margin of 7.04%. The firm had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $18.25 billion. Analysts expect that A.P. Moller-Maersk will post 2.95 earnings per share for the current fiscal year.
About A.P. Moller-Maersk
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.
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