Wartsila (OTCMKTS:WRTBY – Get Free Report) posted its earnings results on Tuesday. The company reported $0.06 EPS for the quarter, Zacks reports. Wartsila had a net margin of 9.40% and a return on equity of 24.45%.
Wartsila Stock Performance
Shares of OTCMKTS:WRTBY traded up $0.05 during midday trading on Tuesday, hitting $6.83. The stock had a trading volume of 1,024 shares, compared to its average volume of 31,166. The company has a market capitalization of $20.21 billion, a PE ratio of 27.32 and a beta of 1.24. The stock has a 50 day moving average price of $7.67 and a two-hundred day moving average price of $7.93. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. Wartsila has a 1 year low of $5.27 and a 1 year high of $9.49.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on WRTBY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Oddo Bhf assumed coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.
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.
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