Wartsila (OTCMKTS:WRTBY – Get Free Report) saw strong trading volume on Thursday . Approximately 82,869 shares were traded during mid-day trading, an increase of 173% from the previous session’s volume of 30,366 shares.The stock last traded at $6.7210 and had previously closed at $6.87.
Analysts Set New Price Targets
WRTBY has been the subject of a number of analyst reports. UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Wednesday, July 1st. Finally, Oddo Bhf initiated coverage on Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Read Our Latest Report on Wartsila
Wartsila Stock Up 0.9%
Wartsila (OTCMKTS:WRTBY – Get Free Report) last posted 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 for 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%. Analysts anticipate 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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