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

Wartsila (OTCMKTS:WRTBY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.84 and last traded at $7.84, with a volume of 401 shares. The stock had previously closed at $7.4645.

Analyst Ratings Changes

A number of brokerages have recently commented on WRTBY. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Barclays reaffirmed an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Wartsila Stock Up 0.6%

The firm has a 50-day moving average of $6.98 and a two-hundred day moving average of $6.19. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 36.05 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 0.12.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, October 28th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Wartsila had a return on equity of 23.64% and a net margin of 8.89%. As a group, sell-side analysts anticipate that Wartsila will post 0.18 earnings per share 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.