Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $6.86, but opened at $6.55. Wartsila shares last traded at $6.54, with a volume of 11,813 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Oddo Bhf began coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wartsila Stock Up 1.1%

The stock’s fifty day moving average is $6.73 and its 200 day moving average is $7.48. 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 company has a market capitalization of $19.85 billion, a P/E ratio of 25.81 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Research analysts predict that Wartsila will post 0.25 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.