Wartsila (OTCMKTS:WRTBY) Shares Gap Down – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares gapped down prior to trading on Friday . The stock had previously closed at $7.66, but opened at $7.38. Wartsila shares last traded at $7.38, with a volume of 25,385 shares traded.

Analyst Upgrades and Downgrades

WRTBY has been the topic of several research reports. Barclays reissued an “underweight” rating on shares of Wartsila in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Wednesday, October 29th. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Monday, October 6th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Wartsila Stock Up 2.4%

The company’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $6.06. The firm has a market capitalization of $22.35 billion, a PE ratio of 34.34 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.28 and a quick ratio of 0.90.

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

Wartsila Company Profile

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.