Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Here’s What Happened

Wartsila (OTCMKTS:WRTBY) shares gapped up prior to trading on Monday . The stock had previously closed at $4.33, but opened at $4.61. Wartsila shares last traded at $4.61, with a volume of 346 shares trading hands.

Analyst Ratings Changes

WRTBY has been the topic of several analyst reports. Kepler Capital Markets upgraded shares of Wartsila from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Pareto Securities cut Wartsila from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Wartsila Price Performance

The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 23.45 and a beta of 1.10. The stock’s 50-day simple moving average is $3.94 and its two-hundred day simple moving average is $3.81.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.04 EPS for the quarter. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.66 billion. Wartsila had a return on equity of 22.57% and a net margin of 8.09%. Equities research analysts predict that Wartsila will post 0.18 earnings per share for the current year.

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.