A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Up 5.6% – Here’s Why

A.P. Moller-Maersk (OTCMKTS:AMKBY) traded up 5.6% on Monday . The stock traded as high as $16.80 and last traded at $16.7920. 31,634 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 103,608 shares. The stock had previously closed at $15.90.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMKBY shares. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, June 25th. 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. Finally, Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Up 5.1%

The company has a market capitalization of $52.90 billion, a PE ratio of 21.42 and a beta of 0.70. The company has a fifty day simple moving average of $12.84 and a 200-day simple moving average of $12.50. 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 (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, August 13th. 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 net margin of 4.08% and a return on equity of 4.38%. The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Analysts predict that A.P. Moller-Maersk will post 1.13 EPS for the current year.

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.