Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Still a Buy?

Wartsila (OTCMKTS:WRTBY) shares saw unusually-strong trading volume on Thursday . Approximately 58,396 shares changed hands during trading, an increase of 134% from the previous session’s volume of 24,965 shares.The stock last traded at $7.63 and had previously closed at $7.79.

Wall Street Analyst Weigh In

WRTBY has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Wartsila currently has an average rating of “Reduce”.

Wartsila Stock Performance

The stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 30.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The stock has a 50-day moving average of $8.28 and a 200 day moving average of $7.87.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. On average, analysts expect that Wartsila will post 0.24 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.