Wartsila (OTCMKTS:WRTBY) Shares Down 5.2% – Here’s Why

Wartsila (OTCMKTS:WRTBY) shares traded down 5.2% during trading on Wednesday . The stock traded as low as $7.7523 and last traded at $7.81. 2,121 shares were traded during trading, a decline of 92% from the average session volume of 24,966 shares. The stock had previously closed at $8.24.

Analyst Upgrades and Downgrades

WRTBY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Wartsila Trading Up 1.3%

The stock’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $7.87. 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 firm has a market cap of $23.35 billion, a PE ratio of 31.57 and a beta of 1.24.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share 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 for the quarter, compared to analyst estimates of $1.74 billion. On average, sell-side analysts forecast that Wartsila will post 0.24 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.