Wartsila (OTCMKTS:WRTBY) Shares Gap Down – What’s Next?

Shares of Wartsila (OTCMKTS:WRTBY) gapped down prior to trading on Monday . The stock had previously closed at $8.39, but opened at $8.09. Wartsila shares last traded at $8.40, with a volume of 15,718 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Finally, The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The company has a fifty day moving average of $8.22 and a 200-day moving average of $7.82. The firm has a market cap of $24.08 billion, a P/E ratio of 32.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. On average, sell-side analysts anticipate that Wartsila will post 0.24 EPS for the current fiscal year.

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.