Wartsila (OTCMKTS:WRTBY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $8.1925, but opened at $8.76. Wartsila shares last traded at $8.49, with a volume of 6,234 shares traded.
Analysts Set New Price Targets
WRTBY has been the topic of a number of analyst reports. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on Wartsila
Wartsila Stock Down 3.5%
Wartsila (OTCMKTS:WRTBY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. As a group, sell-side analysts forecast that Wartsila will post 0.24 earnings per share 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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