Wartsila (OTCMKTS:WRTBY) Stock Price Down 4.2% – Should You Sell?

Shares of Wartsila (OTCMKTS:WRTBY) fell 4.2% during trading on Tuesday. The company traded as low as $6.12 and last traded at $6.12. 18,377 shares were traded during mid-day trading, a decline of 67% from the average session volume of 55,456 shares. The stock had previously closed at $6.39.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WRTBY shares. Oddo Bhf began coverage on shares of Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Wartsila Price Performance

The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 24.35 and a beta of 1.16. The company has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $7.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. As a group, equities research analysts forecast that Wartsila will post 0.24 EPS for the current year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.