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

Wartsila (OTCMKTS:WRTBY) gapped down before the market opened on Tuesday . The stock had previously closed at $6.67, but opened at $6.34. Wartsila shares last traded at $6.34, with a volume of 1,184 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on WRTBY. Oddo Bhf assumed coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group raised 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The business’s fifty day moving average is $6.74 and its 200-day moving average is $7.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. The firm has a market cap of $18.61 billion, a PE ratio of 24.19 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. On average, research analysts predict that Wartsila will post 0.25 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.