Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s What Happened

Shares of Wartsila (OTCMKTS:WRTBY) gapped down prior to trading on Wednesday . The stock had previously closed at $8.66, but opened at $8.06. Wartsila shares last traded at $8.20, with a volume of 10,390 shares trading hands.

Wall Street Analyst Weigh In

WRTBY has been the topic of several analyst reports. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, February 5th. Finally, Barclays reiterated an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. 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’s 50-day moving average is $8.03 and its 200 day moving average is $6.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The stock has a market capitalization of $23.11 billion, a PE ratio of 33.97 and a beta of 1.21.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.42 billion. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. As a group, equities analysts expect that Wartsila will post 0.18 earnings per share for the current year.

Wartsila Company Profile

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.