Wartsila (OTCMKTS:WRTBY) Receives Consensus Recommendation of “Reduce” from Brokerages

Wartsila (OTCMKTS:WRTBY) has earned a consensus rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of research analysts have issued reports on WRTBY shares. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Finally, Oddo Bhf started coverage on shares of Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating for the company.

Wartsila Price Performance

Shares of OTCMKTS WRTBY opened at $6.84 on Tuesday. The company has a market capitalization of $20.24 billion, a PE ratio of 26.31 and a beta of 1.26. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $7.14 and its 200-day moving average price is $7.81. Wartsila has a twelve month low of $5.49 and a twelve month high of $9.49.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a return on equity of 25.32% and a net margin of 9.77%. On average, equities analysts anticipate that Wartsila will post 0.25 EPS for the current 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.