Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Still a Buy?

Wartsila (OTCMKTS:WRTBY) shares saw unusually-strong trading volume on Monday. 59,926 shares changed hands during trading, an increase of 10% from the previous session’s volume of 54,329 shares. The stock last traded at $6.4050 and had previously closed at $6.55.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WRTBY. Oddo Bhf began coverage on shares of Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating on the stock. The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Wartsila Stock Performance

The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $7.36. The company has a market cap of $18.96 billion, a P/E ratio of 24.65 and a beta of 1.16.

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

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.