Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume – What’s Next?

Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Tuesday . Approximately 28,270 shares were traded during mid-day trading, an increase of 266% from the previous session’s volume of 7,728 shares.The stock last traded at $6.4650 and had previously closed at $6.5660.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WRTBY. Barclays restated an “underweight” rating on shares of Wartsila in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Wednesday, October 29th. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Wartsila Stock Up 10.1%

The business has a 50-day moving average price of $6.26 and a two-hundred day moving average price of $5.53. The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 0.12. The firm has a market cap of $21.54 billion, a PE ratio of 33.09 and a beta of 1.21.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.99 billion. Wartsila had a return on equity of 23.64% and a net margin of 8.89%. On average, equities research analysts expect that Wartsila will post 0.18 EPS for the current year.

Wartsila Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.0231 dividend. This represents a dividend yield of 72.0%. The ex-dividend date was Wednesday, September 17th. Wartsila’s dividend payout ratio (DPR) is presently 13.64%.

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.