Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Still a Buy?

Wartsila (OTCMKTS:WRTBY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $8.1925, but opened at $8.76. Wartsila shares last traded at $8.49, with a volume of 6,234 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Sell”.

Wartsila Trading Down 0.5%

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 stock has a market capitalization of $25.07 billion, a PE ratio of 33.90 and a beta of 1.28. The business’s 50-day moving average is $8.13 and its two-hundred day moving average is $7.72.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results 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 anticipate that Wartsila will post 0.24 earnings per share 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.