A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Passes Below 50-Day Moving Average – Here’s Why

A.P. Moller-Maersk (OTCMKTS:AMKBY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.13 and traded as low as $9.70. A.P. Moller-Maersk shares last traded at $9.72, with a volume of 61,093 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on AMKBY. BNP Paribas Exane lowered shares of A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 17th. Hsbc Global Res upgraded A.P. Moller-Maersk to a “strong-buy” rating in a report on Monday, September 29th. BNP Paribas downgraded A.P. Moller-Maersk to a “strong sell” rating in a research report on Wednesday, September 17th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, August 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Down 1.2%

The business has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $9.86. The company has a current ratio of 2.06, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market cap of $30.77 billion, a PE ratio of 4.44 and a beta of 1.04.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, November 6th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.20). A.P. Moller-Maersk had a net margin of 12.11% and a return on equity of 12.33%. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $13.44 billion. On average, analysts forecast that A.P. Moller-Maersk will post 0.41 EPS for the current fiscal year.

About A.P. Moller-Maersk

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.