Wartsila (OTCMKTS:WRTBY – Get Free Report) shares saw an uptick in trading volume on Monday . Approximately 77,368 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 34,290 shares.The stock last traded at $6.7250 and had previously closed at $6.7550.
Analysts Set New Price Targets
WRTBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Oddo Bhf initiated coverage on Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a 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 research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Read Our Latest Analysis on Wartsila
Wartsila Price Performance
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 24.27% and a net margin of 9.77%.The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, equities research 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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