Wartsila (OTCMKTS:WRTBY) Announces Quarterly Earnings Results

Wartsila (OTCMKTS:WRTBY) posted its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.

Wartsila Stock Performance

OTCMKTS WRTBY traded up $0.07 during trading hours on Tuesday, hitting $6.85. 5,681 shares of the company’s stock traded hands, compared to its average volume of 31,166. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $20.27 billion, a P/E ratio of 27.40 and a beta of 1.24. Wartsila has a 52 week low of $5.27 and a 52 week high of $9.49. The business’s fifty day moving average price is $7.67 and its two-hundred day moving average price is $7.93.

Wall Street Analyst Weigh In

WRTBY has been the topic of several analyst reports. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Oddo Bhf initiated coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

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.