Wartsila (OTCMKTS:WRTBY) Trading Down 8.2% – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares dropped 8.2% during trading on Tuesday . The company traded as low as $8.31 and last traded at $8.31. Approximately 44,407 shares traded hands during trading, an increase of 210% from the average daily volume of 14,307 shares. The stock had previously closed at $9.0519.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WRTBY. Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Sell”.

Wartsila Trading Up 3.6%

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 business has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $7.48. The stock has a market cap of $25.30 billion, a price-to-earnings ratio of 34.20 and a beta of 1.32.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. The company 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%. As a group, equities analysts anticipate that Wartsila will post 0.24 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.