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

Wartsila (OTCMKTS:WRTBY) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.91, but opened at $8.3292. Wartsila shares last traded at $8.3292, with a volume of 155 shares trading hands.

Analysts Set New Price Targets

WRTBY has been the subject of a number of research analyst reports. UBS Group downgraded shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Finally, The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Wartsila Trading Down 3.6%

The firm has a market capitalization of $23.94 billion, a PE ratio of 32.36 and a beta of 1.24. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $8.22 and its 200 day moving average price is $7.81.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. As a group, analysts expect that Wartsila will post 0.24 EPS for the current fiscal 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.