A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – Here’s Why

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up before the market opened on Tuesday . The stock had previously closed at $11.72, but opened at $12.20. A.P. Moller-Maersk shares last traded at $12.23, with a volume of 7,317 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMKBY. Barclays upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, A.P. Moller-Maersk currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Up 1.0%

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 firm’s 50-day moving average price is $12.13 and its 200 day moving average price is $12.12. The firm has a market capitalization of $38.60 billion, a price-to-earnings ratio of 23.01 and a beta of 0.71.

A.P. Moller-Maersk Company Profile

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.