Wartsila (OTCMKTS:WRTBY) Shares Down 5.6% – Time to Sell?

Wartsila (OTCMKTS:WRTBY) shares fell 5.6% during mid-day trading on Thursday . The company traded as low as $7.4275 and last traded at $7.4275. 417 shares were traded during trading, a decline of 96% from the average session volume of 11,479 shares. The stock had previously closed at $7.87.

Analysts Set New Price Targets

WRTBY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, February 5th. Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Finally, Barclays reaffirmed an “underweight” rating on shares of Wartsila in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell”.

Wartsila Trading Down 3.8%

The stock has a market cap of $22.39 billion, a PE ratio of 32.90 and a beta of 1.21. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $7.14.

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