Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Should You Buy?

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Monday . Approximately 77,368 shares traded hands during trading, an increase of 126% from the previous session’s volume of 34,290 shares.The stock last traded at $6.7250 and had previously closed at $6.7550.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Oddo Bhf assumed coverage on shares of Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Wartsila currently has an average rating of “Reduce”.

Wartsila Stock Performance

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 market cap of $20.27 billion, a P/E ratio of 26.35 and a beta of 1.26. The business’s 50-day moving average price is $7.23 and its 200-day moving average price is $7.83.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Wartsila had a return on equity of 24.27% and a net margin of 9.77%. As a group, sell-side analysts expect that Wartsila will post 0.25 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.