Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Should You Sell?

Wartsila (OTCMKTS:WRTBY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.55, but opened at $8.14. Wartsila shares last traded at $8.14, with a volume of 1,481 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wartsila presently has an average rating of “Reduce”.

Wartsila Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The stock’s fifty day moving average is $8.16 and its 200-day moving average is $7.75. The stock has a market cap of $23.99 billion, a PE ratio of 32.44 and a beta of 1.28.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. As a group, equities analysts anticipate that Wartsila will post 0.24 EPS 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.