Wartsila (OTCMKTS:WRTBY) Sets New 52-Week Low – Here’s Why

Shares of Wartsila (OTCMKTS:WRTBY) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $5.5880 and last traded at $5.62, with a volume of 91,965 shares. The stock had previously closed at $5.66.

Analysts Set New Price Targets

A number of research firms have recently commented on WRTBY. Oddo Bhf began coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $6.47 and a two-hundred day moving average price of $7.45. The firm has a market cap of $16.75 billion, a PE ratio of 23.58 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.07 earnings per share for the quarter. Wartsila had a return on equity of 25.16% and a net margin of 9.12%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Research analysts forecast that Wartsila will post 0.24 EPS for the current fiscal year.

About Wartsila

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.