Wartsila (OTCMKTS:WRTBY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Wartsila (OTCMKTS:WRTBY)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.40 and traded as low as $6.6775. Wartsila shares last traded at $6.83, with a volume of 79,959 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WRTBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Oddo Bhf assumed coverage on Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Wartsila has an average rating of “Reduce”.

Wartsila Price Performance

The company’s fifty day moving average is $7.40 and its 200 day moving average is $7.88. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The stock has a market cap of $20.21 billion, a PE ratio of 26.27 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. As a group, sell-side analysts anticipate that Wartsila will post 0.25 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.