Wartsila (OTCMKTS:WRTBY) Reaches New 12-Month High – Time to Buy?

Wartsila (OTCMKTS:WRTBY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.7999 and last traded at $8.79, with a volume of 4207 shares trading hands. The stock had previously closed at $8.46.

Analysts Set New Price Targets

Several brokerages recently issued reports on WRTBY. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, February 5th. Barclays reiterated an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Finally, Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell”.

Wartsila Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $7.70 and its two-hundred day moving average price is $6.66. The stock has a market capitalization of $25.74 billion, a PE ratio of 37.83 and a beta of 1.24.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 25.05% and a net margin of 9.08%.The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.42 billion. On average, equities 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.