A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – Still a Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $12.71, but opened at $13.53. A.P. Moller-Maersk shares last traded at $13.5840, with a volume of 51,267 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMKBY. Barclays raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Clarkson Capital upgraded A.P. Moller-Maersk to a “strong sell” rating in a research report on Monday, February 9th. Kepler Capital Markets upgraded A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday, February 6th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, A.P. Moller-Maersk presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

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 business has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $11.86. The firm has a market capitalization of $43.66 billion, a PE ratio of 26.02 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.