Wartsila (OTCMKTS:WRTBY) Trading Up 8.6% – What’s Next?

Wartsila (OTCMKTS:WRTBY)’s share price shot up 8.6% during trading on Wednesday . The company traded as high as $7.8760 and last traded at $7.8650. 7,095 shares changed hands during trading, a decline of 39% from the average session volume of 11,540 shares. The stock had previously closed at $7.24.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WRTBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research note on Thursday, February 5th. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Finally, Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Sell”.

Wartsila Stock Performance

The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $8.03 and its 200 day simple moving average is $7.14. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 33.44 and a beta of 1.32.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. Wartsila had a return on equity of 24.14% and a net margin of 9.08%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.42 billion. As a group, analysts anticipate 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.