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

Wartsila (OTCMKTS:WRTBY) shares gapped up prior to trading on Friday . The stock had previously closed at $5.92, but opened at $6.21. Wartsila shares last traded at $6.21, with a volume of 974 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Kepler Capital Markets lowered Wartsila from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 11th. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 30.58 and a beta of 1.16. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $5.85 and a 200 day moving average of $4.79.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Wartsila had a return on equity of 22.76% and a net margin of 8.19%. Equities research analysts predict that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a dividend of $0.0231 per share. This represents a yield of 72.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Wartsila’s dividend payout ratio (DPR) is presently 15.00%.

Wartsila Company Profile

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.