Wartsila (OTCMKTS:WRTBY) Issues Quarterly Earnings Results

Wartsila (OTCMKTS:WRTBY) announced its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, Zacks reports. Wartsila had a net margin of 9.77% and a return on equity of 25.56%.

Wartsila Price Performance

Shares of OTCMKTS:WRTBY opened at $6.37 on Tuesday. Wartsila has a one year low of $5.96 and a one year high of $9.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. The company has a market cap of $18.85 billion, a price-to-earnings ratio of 24.50 and a beta of 1.16. The firm has a 50 day simple moving average of $6.60 and a 200 day simple moving average of $7.50.

Wall Street Analyst Weigh In

WRTBY has been the topic of a number of research analyst reports. Oddo Bhf initiated coverage on Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. The Goldman Sachs Group raised Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised Wartsila from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Wartsila presently has an average rating of “Reduce”.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.