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

Wartsila (OTCMKTS:WRTBY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.10, but opened at $8.75. Wartsila shares last traded at $8.60, with a volume of 4,646 shares changing hands.

Analyst Upgrades and Downgrades

WRTBY has been the topic of several recent research reports. Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Sell”.

Wartsila Stock Performance

The stock’s 50 day moving average price is $8.08 and its two-hundred day moving average price is $7.63. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 31.78 and a beta of 1.28. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. On average, analysts forecast that Wartsila will post 0.24 EPS for the current 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.