Wartsila (OTCMKTS:WRTBY) Stock Rated “Reduce” by Wall Street Brokerages

Wartsila (OTCMKTS:WRTBY) has earned an average recommendation of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company.

Several brokerages recently weighed in on WRTBY. Oddo Bhf initiated coverage on shares of Wartsila in a research report on Tuesday, July 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, July 27th.

Wartsila Stock Performance

Shares of WRTBY stock opened at $5.68 on Friday. Wartsila has a one year low of $5.59 and a one year high of $9.49. The company’s 50-day moving average is $6.52 and its 200 day moving average is $7.46. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 23.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, October 27th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Wartsila had a net margin of 9.12% and a return on equity of 25.16%. Sell-side analysts expect that Wartsila will post 0.24 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.