Wartsila (OTCMKTS:WRTBY) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Wartsila (OTCMKTS:WRTBY) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.40 and traded as low as $6.6775. Wartsila shares last traded at $6.83, with a volume of 79,959 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Oddo Bhf assumed coverage on Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Finally, UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The company’s fifty day simple moving average is $7.33 and its two-hundred day simple moving average is $7.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The stock has a market capitalization of $19.89 billion, a P/E ratio of 25.86 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a return on equity of 24.27% and a net margin of 9.77%. As a group, equities analysts forecast that Wartsila will post 0.25 EPS for the current 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.