Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.87, but opened at $7.28. Wartsila shares last traded at $7.28, with a volume of 193 shares.

Analysts Set New Price Targets

WRTBY has been the subject of a number of research analyst reports. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Finally, The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Four 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, the company presently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The stock has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $7.94. The stock has a market cap of $22.11 billion, a P/E ratio of 29.89 and a beta of 1.24. 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 posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. On average, equities analysts expect 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.