Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Time to Buy?

Shares of Wartsila (OTCMKTS:WRTBY) gapped up prior to trading on Wednesday . The stock had previously closed at $7.60, but opened at $7.98. Wartsila shares last traded at $7.98, with a volume of 1,190 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on WRTBY shares. Barclays reaffirmed an “underweight” rating on shares of Wartsila in a report on Wednesday, December 3rd. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, February 5th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Sell”.

Wartsila Stock Performance

The stock has a market cap of $22.94 billion, a PE ratio of 33.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The company’s 50-day moving average price is $8.06 and its two-hundred day moving average price is $6.95.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Wednesday, February 4th. The company reported $0.07 EPS for the quarter. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. On average, equities research analysts forecast that Wartsila will post 0.18 EPS for the current year.

Wartsila Company Profile

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.