Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Here’s What Happened

Wartsila (OTCMKTS:WRTBYGet Free Report) saw strong trading volume on Wednesday . 43,539 shares changed hands during trading, an increase of 272% from the previous session’s volume of 11,699 shares.The stock last traded at $8.0875 and had previously closed at $7.7075.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, February 5th. Citigroup reaffirmed 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 investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell”.

Read Our Latest Research Report on Wartsila

Wartsila Price 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 company has a market capitalization of $23.93 billion, a PE ratio of 35.16 and a beta of 1.32. The stock’s 50-day moving average is $8.02 and its two-hundred day moving average is $7.19.

Wartsila (OTCMKTS:WRTBYGet Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.42 billion. Wartsila had a return on equity of 24.14% and a net margin of 9.08%. On average, equities analysts predict that Wartsila will post 0.18 EPS for the current year.

Wartsila Company Profile

(Get Free Report)

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.

Further Reading

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