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

Shares of Wartsila (OTCMKTS:WRTBY) saw an uptick in trading volume on Monday. 39,478 shares were traded during trading, a decline of 23% from the previous session’s volume of 51,397 shares. The stock last traded at $6.65 and had previously closed at $6.56.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Oddo Bhf began coverage on shares of Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The stock has a market capitalization of $19.62 billion, a PE ratio of 25.50 and a beta of 1.16. The firm’s 50 day simple moving average is $6.67 and its 200 day simple moving average is $7.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.73 billion. As a group, equities analysts forecast that Wartsila will post 0.24 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.