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

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up prior to trading on Monday . The stock had previously closed at $11.96, but opened at $12.51. A.P. Moller-Maersk shares last traded at $12.59, with a volume of 19,684 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMKBY shares. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, June 25th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $39.98 billion, a P/E ratio of 23.83 and a beta of 0.71. The business has a fifty day moving average price of $12.22 and a 200-day moving average price of $12.24.

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.