Wartsila (OTCMKTS:WRTBY) Sets New 52-Week High – Here’s Why

Wartsila (OTCMKTS:WRTBY) shares hit a new 52-week high on Wednesday . The stock traded as high as $8.89 and last traded at $8.89, with a volume of 4046 shares trading hands. The stock had previously closed at $8.6550.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays reaffirmed an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, February 5th. Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell”.

Wartsila Price Performance

The stock has a fifty day moving average of $7.92 and a 200 day moving average of $6.79. The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 38.31 and a beta of 1.24. 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) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.42 billion. On average, analysts expect that Wartsila will post 0.18 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.