Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Here’s Why

Wartsila (OTCMKTS:WRTBY) saw strong trading volume on Friday . 6,803 shares traded hands during mid-day trading, an increase of 21% from the previous session’s volume of 5,637 shares.The stock last traded at $7.77 and had previously closed at $7.88.

Wall Street Analysts Forecast Growth

WRTBY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a report on Wednesday, October 29th. Barclays reiterated an “underweight” rating on shares of Wartsila in a report on Wednesday, December 3rd. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Wartsila Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.28 and a quick ratio of 0.90. The stock has a market capitalization of $23.40 billion, a PE ratio of 35.96 and a beta of 1.22. The stock has a 50 day moving average of $6.95 and a two-hundred day moving average of $6.17.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 23.64% and a net margin of 8.89%.The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Research analysts expect 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.