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

Wartsila (OTCMKTS:WRTBY) gapped up prior to trading on Thursday . The stock had previously closed at $6.08, but opened at $6.53. Wartsila shares last traded at $6.72, with a volume of 5,617 shares traded.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Wartsila Trading Down 3.5%

The company has a market cap of $18.70 billion, a PE ratio of 28.73 and a beta of 1.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. The company has a 50-day moving average of $6.18 and a 200 day moving average of $5.37.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a net margin of 8.89% and a return on equity of 24.59%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Analysts predict that Wartsila will post 0.18 earnings per share for the current year.

Wartsila Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.0231 dividend. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Wartsila’s dividend payout ratio (DPR) is currently 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.