Wartsila (OTCMKTS:WRTBY) Shares Gap Up – What’s Next?

Wartsila (OTCMKTS:WRTBY) gapped up before the market opened on Thursday. The stock had previously closed at $6.40, but opened at $6.76. Wartsila shares last traded at $6.31, with a volume of 1,250 shares.

Wall Street Analysts Forecast Growth

WRTBY has been the topic of several recent research reports. Citigroup reissued a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Oddo Bhf started coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Wartsila Trading Down 1.4%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24. The company’s 50-day moving average price is $6.70 and its 200-day moving average price is $7.43. The firm has a market capitalization of $18.49 billion, a PE ratio of 24.04 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. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. On average, sell-side analysts expect that Wartsila will post 0.25 earnings per share for the current year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.