A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Price Down 9.8% – Here’s What Happened

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) dropped 9.8% during mid-day trading on Monday . The company traded as low as $12.86 and last traded at $12.86. Approximately 7,397 shares traded hands during trading, a decline of 93% from the average daily volume of 112,491 shares. The stock had previously closed at $14.25.

Analysts Set New Price Targets

AMKBY has been the subject of a number of recent analyst reports. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a 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 note on Friday, March 6th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The stock has a 50-day moving average of $12.16 and a 200 day moving average of $12.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The stock has a market capitalization of $40.42 billion, a price-to-earnings ratio of 24.09 and a beta of 0.71.

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.