Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares saw an uptick in trading volume on Monday . Approximately 95,152 shares traded hands during trading, an increase of 168% from the previous session’s volume of 35,505 shares.The stock last traded at $6.4210 and had previously closed at $6.72.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Oddo Bhf began coverage on shares of Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Finally, The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Wartsila Trading Down 4.5%

The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $6.94 and a 200-day moving average price of $7.73. The firm has a market capitalization of $18.99 billion, a PE ratio of 24.69 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.73 billion. Analysts expect that Wartsila will post 0.25 earnings per share 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.