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

Wartsila (OTCMKTS:WRTBY) gapped up before the market opened on Tuesday . The stock had previously closed at $6.6850, but opened at $7.03. Wartsila shares last traded at $6.78, with a volume of 614 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oddo Bhf initiated coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Wartsila presently has a consensus rating of “Reduce”.

Wartsila Stock Up 1.5%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24. The firm’s fifty day simple moving average is $6.84 and its 200 day simple moving average is $7.64. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 26.18 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.73 billion. On average, sell-side analysts forecast that Wartsila will post 0.25 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.