Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Should You Buy?

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Tuesday . Approximately 94,924 shares were traded during mid-day trading, an increase of 407% from the previous session’s volume of 18,707 shares.The stock last traded at $7.76 and had previously closed at $8.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WRTBY shares. Pareto Securities downgraded Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell”.

Wartsila Stock Down 4.6%

The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 31.03 and a beta of 1.28. The business has a fifty day simple moving average of $8.08 and a two-hundred day simple moving average of $7.65. 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 quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. Equities analysts expect that Wartsila will post 0.24 EPS for the current year.

Wartsila Company Profile

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.