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

Wartsila (OTCMKTS:WRTBY) shares saw unusually-strong trading volume on Friday . Approximately 23,328 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 12,317 shares.The stock last traded at $7.7399 and had previously closed at $7.79.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WRTBY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, February 5th. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Barclays reissued an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Finally, Pareto Securities lowered Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Strong Sell”.

Wartsila Trading Down 1.5%

The business’s fifty day moving average is $8.07 and its 200 day moving average is $6.96. The stock has a market cap of $22.69 billion, a PE ratio of 33.35 and a beta of 1.21. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.07 EPS for the quarter. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Wartsila had a return on equity of 24.14% and a net margin of 9.08%. As a group, analysts predict that Wartsila will post 0.18 earnings per share for the current 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.