Shares of Wartsila (OTCMKTS:WRTBY – Get Free Report) saw strong trading volume on Friday. 89,006 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 44,001 shares. The stock last traded at $6.7030 and had previously closed at $6.57.
Analyst Upgrades and Downgrades
WRTBY has been the topic of a number of research analyst reports. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Oddo Bhf initiated coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.
Get Our Latest Research Report on Wartsila
Wartsila Stock Performance
Wartsila (OTCMKTS:WRTBY – Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. As a group, equities research analysts forecast that Wartsila will post 0.25 earnings per share for the current year.
About Wartsila
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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