Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares saw strong trading volume on Monday . Approximately 101,265 shares changed hands during mid-day trading, an increase of 185% from the previous session’s volume of 35,474 shares.The stock last traded at $6.7392 and had previously closed at $6.82.

Analysts Set New Price Targets

WRTBY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Oddo Bhf assumed coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating for the company. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Wartsila has an average rating of “Reduce”.

Wartsila Stock Up 4.3%

The firm has a market cap of $20.77 billion, a P/E ratio of 27.00 and a beta of 1.26. The business’s fifty day moving average price is $7.00 and its two-hundred day moving average price is $7.75. The company has a current ratio of 1.23, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 25.32%. As a group, equities research analysts anticipate 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.