Wartsila (OTCMKTS:WRTBY) Reaches New 1-Year High – Here’s What Happened

Wartsila (OTCMKTS:WRTBY) reached a new 52-week high on Wednesday . The company traded as high as $7.30 and last traded at $7.28, with a volume of 1752 shares traded. The stock had previously closed at $7.04.

Wall Street Analyst Weigh In

WRTBY has been the subject of several recent research reports. Barclays reissued an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Wartsila Price Performance

The company has a market cap of $21.40 billion, a price-to-earnings ratio of 32.88 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.28. The company’s 50 day moving average price is $6.37 and its 200 day moving average price is $5.64.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share for the quarter. Wartsila had a net margin of 8.89% and a return on equity of 23.64%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts predict that Wartsila will post 0.18 earnings per share for the current fiscal year.

Wartsila Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a dividend of $0.0231 per share. This represents a dividend yield of 72.0%. The ex-dividend date was Wednesday, September 17th. Wartsila’s dividend payout ratio is presently 13.64%.

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.