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

Wartsila (OTCMKTS:WRTBY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $6.72, but opened at $7.0660. Wartsila shares last traded at $7.07, with a volume of 559 shares.

Analyst Ratings Changes

WRTBY has been the subject of a number of research reports. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Oddo Bhf initiated coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 27.12 and a beta of 1.24. The company’s 50-day simple moving average is $7.64 and its 200-day simple moving average is $7.92. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. Analysts predict that Wartsila will post 0.24 EPS for the current fiscal year.

About Wartsila

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.