Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume – Here’s What Happened

Wartsila (OTCMKTS:WRTBY) saw strong trading volume on Thursday . Approximately 75,566 shares traded hands during trading, an increase of 176% from the previous session’s volume of 27,368 shares.The stock last traded at $7.01 and had previously closed at $6.91.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WRTBY. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Oddo Bhf began coverage on shares of Wartsila in a research note on Tuesday. They issued a “neutral” rating for the company. Finally, UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Wartsila currently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The business has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $7.94. The company has a market cap of $20.15 billion, a P/E ratio of 27.24 and a beta of 1.24.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. On average, sell-side analysts anticipate that Wartsila will post 0.24 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.