Wartsila (OTCMKTS:WRTBY) Hits New 1-Year High – Here’s Why

Wartsila (OTCMKTS:WRTBYGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.3050 and last traded at $8.3050, with a volume of 8124 shares traded. The stock had previously closed at $8.07.

Analyst Ratings Changes

WRTBY has been the subject of a number of recent analyst reports. Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Finally, Barclays reiterated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Wartsila presently has an average rating of “Strong Sell”.

Read Our Latest Research Report on Wartsila

Wartsila Price Performance

The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $24.74 billion, a PE ratio of 38.02 and a beta of 1.22. The stock’s 50-day moving average is $7.35 and its two-hundred day moving average is $6.45.

About Wartsila

(Get Free Report)

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.

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