Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Here’s What Happened

Shares of Wartsila (OTCMKTS:WRTBY) saw an uptick in trading volume on Friday. 74,230 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 65,842 shares. The stock last traded at $5.64 and had previously closed at $5.89.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WRTBY. The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Oddo Bhf assumed coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft raised Wartsila from a “hold” rating to a “buy” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Wartsila presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The company has a market capitalization of $16.69 billion, a P/E ratio of 23.50 and a beta of 1.16. The business’s 50-day moving average is $6.54 and its two-hundred day moving average is $7.47. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10.

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

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.