Shares of Wartsila (OTCMKTS:WRTBY – Get Free Report) saw an uptick in trading volume on Thursday . 75,566 shares changed hands during mid-day trading, an increase of 176% from the previous session’s volume of 27,368 shares.The stock last traded at $7.01 and had previously closed at $6.91.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Oddo Bhf assumed coverage on Wartsila in a report on Tuesday. They set a “neutral” rating on the stock. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Wednesday, July 1st. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Wartsila currently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Wartsila
Wartsila Price Performance
Wartsila (OTCMKTS:WRTBY – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. On average, equities analysts forecast that Wartsila will post 0.24 earnings per share for the current fiscal year.
Wartsila Company Profile
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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