Wartsila (OTCMKTS:WRTBY) Shares Down 7.8% – Time to Sell?

Wartsila (OTCMKTS:WRTBY)’s share price dropped 7.8% on Monday . The stock traded as low as $6.15 and last traded at $6.15. 2,726 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 37,833 shares. The stock had previously closed at $6.67.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Oddo Bhf started coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Wartsila Stock Down 7.0%

The firm has a market cap of $18.34 billion, a P/E ratio of 23.85 and a beta of 1.25. The company’s 50-day simple moving average is $6.79 and its 200 day simple moving average is $7.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Research analysts anticipate that Wartsila will post 0.25 EPS for the current fiscal year.

Wartsila Company Profile

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.