Shares of Wartsila (OTCMKTS:WRTBY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $7.87, but opened at $7.28. Wartsila shares last traded at $7.28, with a volume of 193 shares trading hands.
Analyst Ratings Changes
Several brokerages have commented on WRTBY. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
Check Out Our Latest Research Report on WRTBY
Wartsila Stock Up 0.8%
Wartsila (OTCMKTS:WRTBY – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. Research analysts predict that Wartsila will post 0.24 EPS 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.
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