Wartsila (OTCMKTS:WRTBY) Shares Gap Down – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares gapped down before the market opened on Monday . The stock had previously closed at $8.39, but opened at $8.09. Wartsila shares last traded at $8.40, with a volume of 15,718 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Wartsila currently has an average rating of “Reduce”.

Wartsila Price Performance

The stock has a market cap of $23.88 billion, a price-to-earnings ratio of 32.28 and a beta of 1.24. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $8.25 and its 200-day moving average is $7.85.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Equities research analysts expect that Wartsila will post 0.24 earnings per share 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.