Wartsila (OTCMKTS:WRTBY) Sets New 12-Month High – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.30 and last traded at $7.28, with a volume of 1752 shares. The stock had previously closed at $7.04.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup reissued a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research note on Wednesday, October 29th. Finally, Barclays reissued an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Wartsila Stock Up 3.4%

The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 33.09 and a beta of 1.21. The firm has a 50-day moving average of $6.32 and a 200 day moving average of $5.62. The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.99 billion. Wartsila had a net margin of 8.89% and a return on equity of 23.64%. On average, sell-side analysts anticipate that Wartsila will post 0.18 earnings per share for the current year.

Wartsila Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.0231 per share. This represents a yield of 72.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Wartsila’s dividend payout ratio (DPR) is presently 13.64%.

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.