Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Should You Sell?

Wartsila (OTCMKTS:WRTBY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $8.66, but opened at $8.06. Wartsila shares last traded at $8.20, with a volume of 10,390 shares.

Analysts Set New Price Targets

WRTBY has been the subject of several analyst reports. Barclays reaffirmed an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, February 5th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Wartsila currently has a consensus rating of “Strong Sell”.

Wartsila Stock Up 0.7%

The business has a 50 day moving average price of $8.00 and a 200 day moving average price of $6.87. The firm has a market capitalization of $23.64 billion, a P/E ratio of 34.74 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 EPS for the quarter. Wartsila had a return on equity of 24.14% and a net margin of 9.08%.The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.42 billion. On average, analysts predict that Wartsila will post 0.18 earnings per share 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.