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

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on AMKBY shares. Barclays upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. 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. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, May 18th. Finally, Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, A.P. Moller-Maersk 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 stock has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $12.15. The company has a market cap of $38.49 billion, a PE ratio of 22.94 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.