Wartsila (OTCMKTS:WRTBY – Get Free Report) shares hit a new 52-week low on Wednesday. The company traded as low as $5.5880 and last traded at $5.62, with a volume of 91,965 shares. The stock had previously closed at $5.66.
Wall Street Analyst Weigh In
WRTBY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a research note on Wednesday, October 21st. The Goldman Sachs Group raised Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
Check Out Our Latest Report on WRTBY
Wartsila Price Performance
The firm has a fifty day moving average price of $6.41 and a two-hundred day moving average price of $7.42. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $16.80 billion, a P/E ratio of 23.67 and a beta of 1.16.
Wartsila (OTCMKTS:WRTBY – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.12% and a return on equity of 25.16%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. On average, analysts expect that Wartsila will post 0.24 EPS for the current year.
About Wartsila
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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