Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Should You Buy?

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Friday . Approximately 6,803 shares traded hands during trading, an increase of 21% from the previous session’s volume of 5,637 shares.The stock last traded at $7.77 and had previously closed at $7.88.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WRTBY shares. Barclays restated an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Wednesday, October 29th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Monday, October 6th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Wartsila Stock Up 0.6%

The firm’s 50 day simple moving average is $6.98 and its 200 day simple moving average is $6.20. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 36.05 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 0.12.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 23.64% and a net margin of 8.89%.The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.99 billion. Sell-side analysts anticipate that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.