Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Still a Buy?

Wartsila (OTCMKTS:WRTBY) gapped up prior to trading on Thursday . The stock had previously closed at $7.91, but opened at $8.3292. Wartsila shares last traded at $8.3292, with a volume of 155 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Wartsila to a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Wartsila has an average rating of “Reduce”.

Wartsila Trading Up 0.9%

The business’s 50-day moving average price is $8.20 and its 200 day moving average price is $7.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 33.00 and a beta of 1.24.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, April 28th. The company reported $0.06 EPS 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 forecast that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wartsila Company Profile

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.