Wartsila (OTCMKTS:WRTBY) Shares Gap Down – What’s Next?

Wartsila (OTCMKTS:WRTBYGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $8.6520, but opened at $8.18. Wartsila shares last traded at $8.18, with a volume of 874 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WRTBY. Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Sell”.

Get Our Latest Research Report on Wartsila

Wartsila Trading Up 3.3%

The firm has a market capitalization of $24.29 billion, a PE ratio of 32.84 and a beta of 1.28. The firm’s fifty day moving average is $8.08 and its two-hundred day moving average is $7.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBYGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. On average, equities analysts predict that Wartsila will post 0.24 EPS for the current fiscal year.

About Wartsila

(Get Free Report)

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.

Further Reading

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