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

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares gapped up prior to trading on Thursday . The stock had previously closed at $12.71, but opened at $13.53. A.P. Moller-Maersk shares last traded at $13.5840, with a volume of 51,267 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, May 8th. 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. Kepler Capital Markets upgraded shares of A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday, February 6th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, May 18th. Finally, Clarkson Capital upgraded shares of A.P. Moller-Maersk to a “strong sell” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Up 8.0%

The firm has a market capitalization of $43.45 billion, a PE ratio of 25.90 and a beta of 0.71. The business’s 50 day simple moving average is $12.02 and its 200 day simple moving average is $11.82. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.

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.