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

Wartsila (OTCMKTS:WRTBY) gapped down prior to trading on Thursday . The stock had previously closed at $6.86, but opened at $6.55. Wartsila shares last traded at $6.54, with a volume of 11,813 shares traded.

Analyst Upgrades and Downgrades

WRTBY has been the topic of several research analyst reports. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Oddo Bhf began coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Four equities research 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, Wartsila has a consensus rating of “Reduce”.

Wartsila Stock Up 1.1%

The company has a market capitalization of $19.85 billion, a P/E ratio of 25.81 and a beta of 1.25. The company has a 50-day moving average of $6.73 and a two-hundred day moving average of $7.48. 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 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. On average, research analysts predict that Wartsila will post 0.25 EPS for the current year.

About Wartsila

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.