Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Still a Buy?

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-high trading volume on Friday . 111,485 shares changed hands during mid-day trading, an increase of 201% from the previous session’s volume of 37,031 shares.The stock last traded at $6.65 and had previously closed at $6.6440.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WRTBY shares. UBS Group cut 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. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Finally, Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. The firm’s 50 day moving average is $6.80 and its 200 day moving average is $7.60. The firm has a market cap of $19.91 billion, a P/E ratio of 25.89 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY) last announced its 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. As a group, analysts anticipate that Wartsila will post 0.25 earnings per share for the current year.

Wartsila Company Profile

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.