Wartsila (OTCMKTS:WRTBY) Given Average Rating of “Reduce” by Analysts

Wartsila (OTCMKTS:WRTBY) has earned an average rating of “Reduce” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

Several analysts have issued reports on WRTBY shares. 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 report on Wednesday, July 1st. Oddo Bhf started coverage on shares of Wartsila in a research report on Tuesday, July 7th. They set a “neutral” rating for the company. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th.

Wartsila Stock Down 0.3%

Wartsila stock opened at $6.94 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 26.69 and a beta of 1.24. The business has a fifty day moving average price of $7.58 and a 200-day moving average price of $7.92. Wartsila has a 1-year low of $5.36 and a 1-year high of $9.49.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Equities research analysts forecast that Wartsila will post 0.24 EPS for the current fiscal year.

About Wartsila

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.