Wartsila (OTCMKTS:WRTBY) Reaches New 52-Week High – Should You Buy?

Wartsila (OTCMKTS:WRTBY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.18 and last traded at $7.89, with a volume of 805 shares traded. The stock had previously closed at $7.94.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WRTBY. Pareto Securities lowered shares of Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research note on Wednesday, October 29th. Barclays restated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Thursday. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Sell”.

Wartsila Stock Up 1.4%

The company has a market cap of $23.82 billion, a P/E ratio of 36.59 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $7.17 and a 200 day moving average of $6.34.

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

About Wartsila

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.