A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 12-Month High on Earnings Beat

A.P. Moller-Maersk (OTCMKTS:AMKBY) hit a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $14.67 and last traded at $14.6635, with a volume of 53803 shares traded. The stock had previously closed at $13.39.

The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 3.17% and a net margin of 3.01%.

Analyst Ratings Changes

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

A.P. Moller-Maersk Stock Up 9.3%

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 company has a market capitalization of $46.35 billion, a PE ratio of 27.62 and a beta of 0.70. The business’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $12.45.

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.