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

Wartsila (OTCMKTS:WRTBY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $6.40, but opened at $6.76. Wartsila shares last traded at $6.31, with a volume of 1,250 shares.

Wall Street Analysts Forecast Growth

WRTBY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. 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, Oddo Bhf began coverage on Wartsila in a research report on Tuesday, July 7th. They set a “neutral” rating on the stock. Four 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, the stock has an average rating of “Reduce”.

Wartsila Stock Performance

The stock has a market cap of $18.49 billion, a PE ratio of 24.04 and a beta of 1.25. The stock has a fifty day moving average of $6.70 and a 200-day moving average of $7.43. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. On average, equities analysts forecast that Wartsila will post 0.25 EPS for the current year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.