Wartsila (OTCMKTS:WRTBY) Stock Price Down 7.8% – Time to Sell?

Wartsila (OTCMKTS:WRTBY) shares dropped 7.8% during mid-day trading on Monday . The stock traded as low as $6.15 and last traded at $6.15. Approximately 2,726 shares changed hands during trading, a decline of 93% from the average daily volume of 37,833 shares. The stock had previously closed at $6.67.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WRTBY shares. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Oddo Bhf started coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Wartsila presently has an average rating of “Reduce”.

Wartsila Trading Up 0.8%

The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average is $6.76 and its 200-day moving average is $7.55. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 24.46 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Research analysts anticipate that Wartsila will post 0.25 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.