A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Volume Increase – Here’s Why

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) saw unusually-strong trading volume on Friday. Approximately 249,954 shares changed hands during trading, an increase of 139% from the previous session’s volume of 104,487 shares. The stock last traded at $18.22 and had previously closed at $18.12.

Analyst Upgrades and Downgrades

AMKBY has been the topic of several recent research reports. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Zacks Research upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Nordea Equity Research raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Fearnley Fonds upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

A.P. Moller-Maersk Trading Up 1.3%

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90. The company’s 50 day moving average is $17.04 and its two-hundred day moving average is $13.99. The firm has a market cap of $57.74 billion, a P/E ratio of 23.38 and a beta of 0.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. On average, sell-side analysts predict that A.P. Moller-Maersk will post 2.52 earnings per share for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.