Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $6.6150, but opened at $7.0450. Wartsila shares last traded at $7.0450, with a volume of 102 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays reissued an “underweight” rating on shares of Wartsila in a report on Wednesday. Citigroup reissued a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Wartsila Trading Down 3.2%

The firm has a market cap of $20.84 billion, a PE ratio of 32.02 and a beta of 1.21. The company has a 50-day simple moving average of $6.26 and a 200 day simple moving average of $5.53. The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

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

Wartsila Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.0231 per share. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Wartsila’s dividend payout ratio is presently 13.64%.

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.