Wartsila (OTCMKTS:WRTBY) Trading Down 5.2% – What’s Next?

by · The Markets Daily

Wartsila (OTCMKTS:WRTBY – Get Free Report) traded down 5.2% during mid-day trading on Wednesday . The stock traded as low as $7.7523 and last traded at $7.81. 2,121 shares were traded during trading, a decline of 92% from the average session volume of 24,966 shares. The stock had previously closed at $8.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WRTBY shares. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. UBS Group downgraded shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Check Out Our Latest Research Report on WRTBY

Wartsila Trading Down 4.2%

The stock has a market capitalization of $22.87 billion, a P/E ratio of 30.92 and a beta of 1.24. The firm’s 50 day moving average price is $8.25 and its 200 day moving average price is $7.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. As a group, equities research analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wartsila Company Profile

(Get Free Report)

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.

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