Wartsila (OTCMKTS:WRTBY) Trading Down 5.2% – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares traded down 5.2% on Wednesday . The company traded as low as $7.7523 and last traded at $7.81. 2,121 shares were traded during mid-day trading, a decline of 92% from the average session volume of 24,966 shares. The stock had previously closed at $8.24.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Wartsila Trading Down 4.2%

The firm’s 50 day moving average price is $8.25 and its 200-day moving average price is $7.85. The stock has a market cap of $22.87 billion, a P/E ratio of 30.92 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. As a group, equities research analysts forecast that Wartsila will post 0.24 earnings per share for the current year.

Wartsila Company Profile

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.