Wartsila (OTCMKTS:WRTBY) Shares Down 4.2% – Should You Sell?

Wartsila (OTCMKTS:WRTBY) fell 4.2% on Tuesday. The stock traded as low as $6.12 and last traded at $6.12. 18,377 shares were traded during trading, a decline of 67% from the average daily volume of 55,456 shares. The stock had previously closed at $6.39.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WRTBY shares. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Oddo Bhf began coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wartsila presently has a consensus rating of “Reduce”.

Wartsila Trading Down 2.7%

The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $6.65 and its two-hundred day simple moving average is $7.35. The stock has a market capitalization of $18.39 billion, a P/E ratio of 23.90 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. As a group, analysts forecast that Wartsila will post 0.24 earnings per share for the current year.

About Wartsila

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.