Wartsila (OTCMKTS:WRTBY) Reaches New 1-Year High – Time to Buy?

Wartsila (OTCMKTS:WRTBY) reached a new 52-week high on Tuesday . The company traded as high as $8.18 and last traded at $7.89, with a volume of 805 shares trading hands. The stock had previously closed at $7.94.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WRTBY shares. Barclays restated an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Wednesday, October 29th. Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Wartsila has a consensus rating of “Strong Sell”.

Wartsila Stock Up 3.5%

The company has a market cap of $24.20 billion, a PE ratio of 37.18 and a beta of 1.22. The business has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $6.39. The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, October 28th. The company reported $0.07 earnings per share for the quarter. Wartsila had a net margin of 8.89% and a return on equity of 23.64%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, equities research analysts predict that Wartsila will post 0.18 earnings per share for the current 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.