Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Time to Buy?

Wartsila (OTCMKTS:WRTBY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.60, but opened at $7.98. Wartsila shares last traded at $7.98, with a volume of 1,190 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on WRTBY. Barclays restated an “underweight” rating on shares of Wartsila in a report on Wednesday, December 3rd. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Pareto Securities downgraded Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell”.

Wartsila Price Performance

The stock’s fifty day moving average price is $8.07 and its 200-day moving average price is $6.96. 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 company has a market capitalization of $23.05 billion, a price-to-earnings ratio of 33.87 and a beta of 1.21.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Wednesday, February 4th. The company reported $0.07 EPS for the quarter. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. On average, sell-side analysts predict that Wartsila will post 0.18 earnings per share for the current fiscal year.

About Wartsila

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.