Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Still a Buy?

Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Tuesday. 160,060 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 71,529 shares. The stock last traded at $5.67 and had previously closed at $5.89.

Wall Street Analyst Weigh In

WRTBY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. The Goldman Sachs Group raised shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Wartsila Stock Performance

The business has a 50 day moving average price of $6.37 and a two-hundred day moving average price of $7.40. The stock has a market cap of $16.76 billion, a P/E ratio of 23.60 and a beta of 1.16. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, October 27th. The company reported $0.07 EPS for the quarter. Wartsila had a return on equity of 25.16% and a net margin of 9.12%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. On average, sell-side analysts forecast that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä is a Finnish technology company that provides equipment, systems and services for the marine and energy markets. Its marine offerings include engines, propulsion systems, power solutions and digital technologies, alongside maintenance and lifecycle services for vessels and shipowners. In the energy sector, Wärtsilä supplies power plants and energy storage solutions, as well as software and services for operating and optimizing energy systems. Its technologies support electricity generation and grid balancing, including the integration of renewable energy.