Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s Why

Shares of Wartsila (OTCMKTS:WRTBY) gapped down prior to trading on Monday . The stock had previously closed at $8.6520, but opened at $8.18. Wartsila shares last traded at $8.18, with a volume of 874 shares.

Analyst Ratings Changes

Several research firms have commented on WRTBY. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell”.

Wartsila Stock Down 4.7%

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 has a 50 day moving average price of $8.08 and a 200 day moving average price of $7.66. The company has a market cap of $22.93 billion, a P/E ratio of 31.00 and a beta of 1.28.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. Research analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal 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.