Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Time to Buy?

Wartsila (OTCMKTS:WRTBY) shares saw strong trading volume on Tuesday. Approximately 117,849 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 48,256 shares. The stock last traded at $6.9750 and had previously closed at $6.66.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Oddo Bhf initiated coverage on shares of Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group raised shares of Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Wartsila has a consensus rating of “Reduce”.

Wartsila Trading Down 3.2%

The business’s fifty day moving average is $6.68 and its 200-day moving average is $7.40. The firm has a market cap of $19.70 billion, a P/E ratio of 25.62 and a beta of 1.16. 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 posted its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Analysts predict that Wartsila will post 0.25 EPS for the current year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.