Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Here’s Why

Wartsila (OTCMKTS:WRTBY) shares saw unusually-strong trading volume on Wednesday . Approximately 43,056 shares traded hands during trading, an increase of 170% from the previous session’s volume of 15,940 shares.The stock last traded at $8.6736 and had previously closed at $8.40.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WRTBY shares. Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Wartsila currently has a consensus rating of “Strong Sell”.

Wartsila Stock Up 3.3%

The firm’s 50 day moving average price is $8.11 and its two-hundred day moving average price is $7.51. The company has a market cap of $25.68 billion, a P/E ratio of 34.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (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 during the quarter, compared to the consensus estimate of $1.74 billion. Equities research analysts anticipate that Wartsila will post 0.24 EPS 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.