Wartsila (OTCMKTS:WRTBY) Hits New 1-Year High – Time to Buy?

Wartsila (OTCMKTS:WRTBY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.89 and last traded at $8.89, with a volume of 4046 shares. The stock had previously closed at $8.6550.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WRTBY. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, February 5th. Finally, Barclays reiterated an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell”.

Wartsila Trading Up 2.7%

The firm’s 50 day simple moving average is $7.84 and its 200-day simple moving average is $6.77. The company has a market capitalization of $26.57 billion, a PE ratio of 39.05 and a beta of 1.24. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.42 billion. As a group, equities research analysts anticipate that Wartsila will post 0.18 EPS 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.