Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s What Happened

Wartsila (OTCMKTS:WRTBY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.00, but opened at $6.68. Wartsila shares last traded at $6.7044, with a volume of 2,782 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WRTBY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Oddo Bhf assumed coverage on shares of Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Wartsila currently has a consensus rating of “Reduce”.

Wartsila Price Performance

The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 26.19 and a beta of 1.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 1.23. The company has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $7.78.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 25.32% and a net margin of 9.77%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. As a group, equities research analysts forecast that Wartsila will post 0.25 EPS for the current 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.