Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Still a Buy?

Wartsila (OTCMKTS:WRTBY) saw an uptick in trading volume on Thursday . 82,869 shares were traded during trading, an increase of 173% from the previous session’s volume of 30,366 shares.The stock last traded at $6.7210 and had previously closed at $6.87.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WRTBY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Wednesday, July 1st. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Wartsila Trading Down 1.6%

The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 27.04 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The business has a fifty day moving average price of $7.75 and a 200 day moving average price of $7.94.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. As a group, equities analysts forecast that Wartsila will post 0.24 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.