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

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price 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

Several analysts recently commented on AMKBY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. UBS Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, October 21st. 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. Finally, Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Two research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

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 $17.43 and a two-hundred day moving average price of $13.97. The stock has a market cap of $45.81 billion, a P/E ratio of 9.45 and a beta of 0.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, November 5th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.18). A.P. Moller-Maersk had a net margin of 7.04% and a return on equity of 8.14%. The business had revenue of $18.09 billion for the quarter, compared to the consensus estimate of $18.25 billion. On average, sell-side analysts forecast 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.