Wartsila (OTCMKTS:WRTBY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.27 and traded as low as $7.66. Wartsila shares last traded at $7.80, with a volume of 29,622 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on WRTBY shares. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. UBS Group downgraded shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Wartsila presently has a consensus rating of “Reduce”.

Wartsila Price Performance

The company has a market capitalization of $23.08 billion, a P/E ratio of 31.20 and a beta of 1.24. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $8.27 and a two-hundred day simple moving average of $7.92.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. As a group, equities analysts predict that Wartsila will post 0.24 EPS for the current year.

About Wartsila

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.