Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.67, but opened at $6.34. Wartsila shares last traded at $6.34, with a volume of 1,184 shares.

Wall Street Analysts Forecast Growth

WRTBY has been the topic of several recent analyst reports. Oddo Bhf initiated coverage on Wartsila in a research report on Tuesday, July 7th. They set a “neutral” rating on the stock. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Finally, UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. 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, the company has an average rating of “Reduce”.

Wartsila Trading Up 1.4%

The company has a fifty day moving average of $6.77 and a two-hundred day moving average of $7.57. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 24.62 and a beta of 1.25.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. On average, research analysts expect that Wartsila will post 0.25 EPS for the current year.

About Wartsila

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.