Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Should You Buy?

Wartsila (OTCMKTS:WRTBY) shares saw strong trading volume on Monday . 11,770 shares traded hands during trading, an increase of 50% from the previous session’s volume of 7,837 shares.The stock last traded at $6.34 and had previously closed at $6.2125.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WRTBY. Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Wartsila has an average rating of “Reduce”.

Wartsila Trading Down 1.8%

The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 28.31 and a beta of 1.23. The firm has a 50-day moving average price of $6.09 and a 200 day moving average price of $5.20.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 24.59% and a net margin of 8.89%.The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.99 billion. As a group, sell-side analysts forecast that Wartsila will post 0.18 EPS for the current year.

Wartsila Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a dividend of $0.0231 per share. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Wartsila’s dividend payout ratio is currently 13.64%.

Wartsila Company Profile

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.