Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Time to Buy?

Wartsila (OTCMKTS:WRTBY) saw strong trading volume on Tuesday . 34,672 shares changed hands during trading, an increase of 277% from the previous session’s volume of 9,202 shares.The stock last traded at $8.32 and had previously closed at $8.34.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WRTBY shares. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a report on Thursday. Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Finally, Barclays restated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Wartsila currently has an average rating of “Strong Sell”.

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 $24.47 billion, a PE ratio of 35.96 and a beta of 1.23. The firm has a fifty day moving average price of $7.51 and a two-hundred day moving average price of $6.55.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.42 billion. Wartsila had a return on equity of 25.05% and a net margin of 9.08%. Research analysts expect that Wartsila will post 0.18 EPS for the current 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.