Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Time to Buy?

Wartsila (OTCMKTS:WRTBY) shares saw unusually-strong trading volume on Tuesday. 160,060 shares traded hands during trading, an increase of 124% from the average daily volume of 71,529 shares. The stock last traded at $5.67 and had previously closed at $5.89.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WRTBY shares. Deutsche Bank Aktiengesellschaft upgraded Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group raised shares of Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Wartsila Trading Down 3.8%

The firm has a market cap of $16.76 billion, a P/E ratio of 23.60 and a beta of 1.16. The company has a 50 day moving average of $6.37 and a 200 day moving average of $7.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.07 EPS for the quarter. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Wartsila had a return on equity of 25.16% and a net margin of 9.12%. Analysts predict that Wartsila will post 0.24 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä is a Finnish technology company that provides equipment, systems and services for the marine and energy markets. Its marine offerings include engines, propulsion systems, power solutions and digital technologies, alongside maintenance and lifecycle services for vessels and shipowners. In the energy sector, Wärtsilä supplies power plants and energy storage solutions, as well as software and services for operating and optimizing energy systems. Its technologies support electricity generation and grid balancing, including the integration of renewable energy.