Wartsila (OTCMKTS:WRTBY) Reaches New 1-Year High – Time to Buy?

Wartsila (OTCMKTS:WRTBY) reached a new 52-week high on Wednesday . The company traded as high as $7.42 and last traded at $7.42, with a volume of 1275 shares traded. The stock had previously closed at $7.31.

Wall Street Analyst Weigh In

A number of research firms recently commented on WRTBY. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, October 6th. Barclays reiterated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Wartsila Price Performance

The firm’s 50-day moving average price is $6.68 and its 200-day moving average price is $5.94. The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $21.92 billion, a PE ratio of 33.68 and a beta of 1.21.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.07 EPS for the quarter. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.99 billion. Wartsila had a return on equity of 23.64% and a net margin of 8.89%. On average, equities analysts forecast that Wartsila will post 0.18 EPS 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.