Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume – Still a Buy?

Wartsila (OTCMKTS:WRTBY) shares saw unusually-high trading volume on Monday . 14,151 shares traded hands during trading, a decline of 56% from the previous session’s volume of 32,433 shares.The stock last traded at $6.91 and had previously closed at $6.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WRTBY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Oddo Bhf assumed coverage on shares of Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. Finally, UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Wartsila Trading Down 1.5%

The stock’s 50 day simple moving average is $7.55 and its two-hundred day simple moving average is $7.91. The stock has a market capitalization of $20.00 billion, a PE ratio of 26.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. On average, sell-side analysts expect that Wartsila will post 0.25 EPS for the current year.

About Wartsila

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.