Wartsila (OTCMKTS:WRTBY) Shares Gap Up – What’s Next?

Wartsila (OTCMKTS:WRTBY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.91, but opened at $9.38. Wartsila shares last traded at $9.3475, with a volume of 1,065 shares traded.

Wall Street Analyst Weigh In

WRTBY has been the subject of a number of research analyst reports. Citigroup reissued a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Pareto Securities lowered shares of Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Thursday, February 5th. Two 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, the stock presently has a consensus rating of “Strong Sell”.

Wartsila Stock Performance

The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 38.91 and a beta of 1.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The stock’s 50-day simple moving average is $8.12 and its two-hundred day simple moving average is $7.40.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.42 billion. Analysts forecast that Wartsila will post 0.24 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.