Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Time to Buy?

Shares of Wartsila (OTCMKTS:WRTBY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.6850, but opened at $7.03. Wartsila shares last traded at $6.78, with a volume of 614 shares.

Wall Street Analysts Forecast Growth

WRTBY has been the subject of a number of research reports. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, July 27th. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Oddo Bhf assumed coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Wartsila has a consensus rating of “Reduce”.

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Wartsila Stock Performance

The firm’s 50-day moving average price is $6.81 and its 200 day moving average price is $7.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 26.04 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. On average, sell-side analysts anticipate that Wartsila will post 0.25 EPS for the current year.

About Wartsila

(Get Free Report)

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.

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