Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Here’s What Happened

Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Monday. Approximately 59,926 shares were traded during trading, an increase of 10% from the previous session’s volume of 54,329 shares. The stock last traded at $6.4050 and had previously closed at $6.55.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WRTBY. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Wartsila has a consensus rating of “Reduce”.

Wartsila Trading Down 0.9%

The company has a market cap of $18.73 billion, a P/E ratio of 24.35 and a beta of 1.16. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $6.64 and its 200-day moving average price is $7.34.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data 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 analyst estimates of $1.73 billion. As a group, equities research analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.