Wartsila (OTCMKTS:WRTBY) Given Average Rating of “Reduce” by Analysts

Wartsila (OTCMKTS:WRTBY) has been assigned an average rating of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

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

Wartsila Stock Down 1.3%

Shares of Wartsila stock opened at $7.25 on Monday. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 29.00 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 has a 52-week low of $4.29 and a 52-week high of $9.49. The stock has a 50-day simple moving average of $8.17 and a 200-day simple moving average of $7.94.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. On average, equities research analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal 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.