Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Still a Buy?

Wartsila (OTCMKTS:WRTBY) shares gapped up before the market opened on Monday . The stock had previously closed at $6.72, but opened at $7.0660. Wartsila shares last traded at $7.07, with a volume of 559 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WRTBY. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Wednesday, July 1st. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Finally, Oddo Bhf started coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating for the company. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Wartsila Stock Up 3.3%

The business’s 50 day moving average price is $7.69 and its 200-day moving average price is $7.93. The firm has a market capitalization of $20.72 billion, a PE ratio of 28.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. As a group, equities research analysts forecast that Wartsila will post 0.24 earnings per share for the current year.

About Wartsila

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.