Shares of Wartsila (OTCMKTS:WRTBY – Get Free Report) saw strong trading volume on Monday . 95,152 shares changed hands during trading, an increase of 168% from the previous session’s volume of 35,505 shares.The stock last traded at $6.4210 and had previously closed at $6.72.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on WRTBY shares. Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Oddo Bhf started coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating for the company. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Wartsila presently has an average rating of “Reduce”.
Check Out Our Latest Research Report on WRTBY
Wartsila Stock Down 0.3%
Wartsila (OTCMKTS:WRTBY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, analysts anticipate that Wartsila will post 0.25 EPS for the current 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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