A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down - Here's What Happened

Key Points

• A.P. Moller-Maersk's stock price gapped down from $11.01 to $10.64 at market opening, last trading at $10.63 with a volume of 7,016 shares.
• Analysts have mixed views on the stock, with Citigroup and Morgan Stanley maintaining "neutral" and "underweight" ratings, while Fearnley Fonds downgraded it from "strong-buy" to "strong sell."
• In its latest earnings report, A.P. Moller-Maersk reported earnings per share of $0.20, exceeding expectations, with revenue of $13.13 billion, surpassing the $12.34 billion estimate.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $11.01, but opened at $10.64. A.P. Moller-Maersk shares last traded at $10.63, with a volume of 7,016 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMKBY shares. Morgan Stanley reaffirmed an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, August 8th. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Strong Sell".

A.P. Moller-Maersk Trading Up 0.8%

The firm has a market capitalization of $34.16 billion, a price-to-earnings ratio of 4.93 and a beta of 1.07. The company has a fifty day moving average price of $10.01 and a two-hundred day moving average price of $9.13. The company has a current ratio of 2.06, a quick ratio of 2.05 and a debt-to-equity ratio of 0.07.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The transportation company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. A.P. Moller-Maersk had a return on equity of 12.33% and a net margin of 12.11%.The firm had revenue of $13.13 billion for the quarter, compared to analysts' expectations of $12.34 billion. As a group, research analysts forecast that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal year.

A.P. Moller-Maersk Company Profile

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.