A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down - Should You Sell?

Key Points

• A.P. Moller-Maersk shares gapped down significantly, opening at $10.14 after previously closing at $10.87, with a trading volume of 18,900 shares.
• Analysts have predominantly given A.P. Moller-Maersk a consensus rating of "Strong Sell", following multiple downgrades from firms including BNP Paribas and Morgan Stanley.
• The company reported quarterly earnings of $0.20 per share, exceeding estimates, and achieved a revenue of $13.13 billion, surpassing the expected $12.34 billion.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $10.87, but opened at $10.14. A.P. Moller-Maersk shares last traded at $10.14, with a volume of 18,900 shares.

Wall Street Analysts Forecast Growth

AMKBY has been the subject of a number of research analyst reports. Citigroup reaffirmed a "neutral" rating on shares of A.P. Moller-Maersk in a report on Friday, August 8th. Morgan Stanley reiterated an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, August 8th. BNP Paribas Exane downgraded shares of A.P. Moller-Maersk from a "neutral" rating to an "underperform" rating in a research report on Wednesday. Finally, BNP Paribas cut shares of A.P. Moller-Maersk to a "strong sell" rating in a research report on Wednesday. Two analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Sell".

A.P. Moller-Maersk Trading Down 6.5%

The company's 50 day moving average price is $10.46 and its 200 day moving average price is $9.41. The company has a market cap of $32.16 billion, a price-to-earnings ratio of 4.64 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.96 and a current ratio of 2.06.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The transportation company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. A.P. Moller-Maersk had a net margin of 12.11% and a return on equity of 12.33%. The company had revenue of $13.13 billion for the quarter, compared to analyst estimates of $12.34 billion. Research analysts anticipate that A.P. Moller-Maersk will post 0.41 EPS for the current 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.