Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Still a Buy?

Wartsila (OTCMKTS:WRTBY) shares saw unusually-strong trading volume on Tuesday. Approximately 117,849 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 48,256 shares. The stock last traded at $6.9750 and had previously closed at $6.66.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WRTBY shares. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, July 27th. The Goldman Sachs Group upgraded Wartsila from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Oddo Bhf initiated coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wartsila Trading Up 3.6%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24. The business’s 50 day moving average price is $6.68 and its two-hundred day moving average price is $7.41. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 26.54 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.73 billion. Equities analysts forecast that Wartsila will post 0.25 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.