Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Should You Buy?

Wartsila (OTCMKTS:WRTBY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.10, but opened at $8.75. Wartsila shares last traded at $8.60, with a volume of 4,646 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Pareto Securities lowered shares of Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Sell”.

Wartsila Stock Performance

The company has a market cap of $25.92 billion, a P/E ratio of 35.04 and a beta of 1.28. The business has a 50 day moving average price of $8.06 and a two-hundred day moving average price of $7.61. 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 announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. On average, sell-side analysts anticipate that Wartsila will post 0.24 earnings per share for the current 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.