Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Time to Buy?

Wartsila (OTCMKTS:WRTBYGet Free Report) saw an uptick in trading volume on Wednesday . 43,539 shares traded hands during trading, an increase of 272% from the previous session’s volume of 11,699 shares.The stock last traded at $8.0875 and had previously closed at $7.7075.

Analyst Ratings Changes

WRTBY has been the topic of several research analyst reports. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research note on Thursday, February 5th. Finally, Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Sell”.

Check Out Our Latest Stock Report on Wartsila

Wartsila Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The firm has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $7.19. The firm has a market cap of $23.93 billion, a PE ratio of 35.16 and a beta of 1.32.

Wartsila (OTCMKTS:WRTBYGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 24.14% and a net margin of 9.08%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Equities analysts predict that Wartsila will post 0.18 EPS for the current fiscal year.

About Wartsila

(Get Free Report)

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.

Further Reading

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