Wartsila (OTCMKTS:WRTBY – Get Free Report) shares saw unusually-strong trading volume on Monday. 59,926 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 54,329 shares. The stock last traded at $6.4050 and had previously closed at $6.55.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on WRTBY shares. Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating for the company. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
Read Our Latest Stock Report on WRTBY
Wartsila Trading Down 2.1%
The company has a market capitalization of $18.96 billion, a P/E ratio of 24.65 and a beta of 1.16. The business has a fifty day moving average price of $6.65 and a 200 day moving average price of $7.36. 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 – Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal 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.
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