Wartsila (OTCMKTS:WRTBY) Stock Passes Below Fifty Day Moving Average – What’s Next?

Wartsila (OTCMKTS:WRTBY) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.27 and traded as low as $7.66. Wartsila shares last traded at $7.80, with a volume of 29,622 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. 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. Finally, UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Wartsila currently has an average rating of “Reduce”.

Wartsila Trading Down 0.4%

The company has a fifty day simple moving average of $8.27 and a 200-day simple moving average of $7.92. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 31.20 and a beta of 1.24.

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