Wartsila (OTCMKTS:WRTBY) Hits New 52-Week High – Still a Buy?

Wartsila (OTCMKTS:WRTBY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.18 and last traded at $7.89, with a volume of 805 shares trading hands. The stock had previously closed at $7.94.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WRTBY. Barclays reiterated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Finally, Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Wartsila presently has an average rating of “Strong Sell”.

Wartsila Stock Up 1.4%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.28. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 36.59 and a beta of 1.22. The firm’s 50-day simple moving average is $7.17 and its two-hundred day simple moving average is $6.34.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 EPS for the quarter. Wartsila had a net margin of 8.89% and a return on equity of 23.64%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, sell-side analysts expect that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Company Profile

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.